Infrastructure Leasing & Financial Services Limited (IL&FS), signed a Memorandum of Understanding (MoU) with Industrial and Commercial Bank of China (Asia) Limited (ICBC (Asia)) based in Hong Kong. It is a wholly-owned subsidiary of Industrial and Commercial Bank of China Limited
The MoU will help them in the North and East Asia region for providing infrastructure project development services, including financial services relating to, trade, corporate banking, investment banking and treasury related services, debt raising, advisory and so on.
Ramesh C Bawa, MD & CEO, IL&FS Financial Services Limited says, “We have built a valuable alliance with ICBC (Asia). This will leverage our global network and expertise to drive further development and innovation in the infrastructure space.”
The MOU was signed between Ramesh C Bawa, MD & CEO, IL&FS Financial Services Limited and Samuel H. K. Tong, Deputy Chief Executive Officer, ICBC (Asia).
