The franchise was launched in Asia in 2017.
ING’s Asia-Pacific head of sustainable finance Herry Cho will leave the bank in February, a statement read.
With Cho’s guidance, ING launched its sustainable finance franchise in Asia in 2017 and has since closed several landmark sustainable transactions.
One notable milestone was the $65m revolving facility for Singapore-based private equity fund Quadria Capital in 2019.
ING also acted as a mandated lead arranger and joint green loan coordinator in the S$1.2b refinancing term loan secured by Frasers Tower, the first syndicated green loan in Southeast Asia under the Green Loan Principles.
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