HSBC has lost a its head of real estate financing in Asia. The banker had been instrumental in building up a commercial real estate and hotel financing platform in the red-hot Asia real estate market.
James Lim, a managing director at HSBC in Hong Kong, is set to leave the British bank later this year, according to his LinkedIn page.
The bank had recruited Lim as head of real estate finance in Asia from BNP Paribas three years ago. Specialized in debt origination and syndication for commercial real estate, distressed debt and assets, and special situations funding, he had been integral to HSBC's build-up of a real estate platform for Asia.
«Gardening Leave»
Lim didn't disclose his next move, saying only that he is currently on «gardening leave,» or at home with pay until his current contract with HSBC runs out. «FinanceAsia,» which first reported his departure, said he will surface at a new firm in November, but didn't provide further details.
A spokeswoman for HSBC wasn't immediately available to comment on plans to replace him.
