DBS Bank, a Singapore-based bank, has established a new dedicated project finance team to meet the needs of corporate and sovereign customers in Asia.
The new team will be led by Lim Wee Seng, managing director (project finance) of DBS Bank. Mr Seng will report to Amos Tan, managing director (energy, chemicals, infrastructure) of institutional banking group.
Mr Seng said: “With the growing demand for infrastructure, energy and natural resource flows across Asia, companies are increasingly looking to invest in Asia’s growth through the development of large scale projects. We see significant opportunities for DBS arising from these developments and believe this potential would be better captured by a dedicated project finance team, due to the capital and time-intensive nature of arranging and executing typically long-tenure project finance deals.
“As an Asian bank, DBS believes our deep understanding of this region, regional connectivity and longstanding involvement in the project finance space makes us strong partners for our clients as they expand in Asia.”