(Bloomberg) -- Lim Kwang Ming, a managing director at HSBC Holdings Plc’s investment bank in Singapore, is leaving the company after serving almost 16 years, according to people with knowledge of the matter.

Lim has tendered his resignation and is currently on leave, the people said, asking not to be identified as the information isn’t public yet. He is set to join Sembcorp Industries Ltd., a Singapore-listed utilities company, the people said.

The banker joined HSBC in 2007 after graduating from Imperial College London, according to his LinkedIn profile. He has worked in London and Hong Kong, the profile shows.

Lim declined to comment. A representative for HSBC said they don’t comment on individual job changes, while a Sembcorp spokesperson couldn’t immediately comment.

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