01 Jun 2004, Solomon Teague and Mia Trinephi, Risk magazine
Wevers becomes a manager, trading options for Japan. He has worked for ING for three years, previously with the equity derivatives team in the Netherlands. He moved to Hong Kong last month. Before joining ING, Wevers worked for IBM within its internet solutions team.
The two appointees report to Trinh Du, head of equity derivatives products in Asia. Du said the appointments were in response to increasing proprietary trading opportunities and client demand for structured products and exotic options.
The Dutch bank recently sold its Asian equity sales, trading, research and equity capital markets businesses to Australia’s Macquarie Bank with the aim of focusing on high value-added products, including structured finance, mergers and acquisitions, debt capital markets and syndicated loans.