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ING creates fixed-income hub in Singapore

The investment bank has already moved its investment grade team from Tokyo to Singapore and is now in the process of moving about 20 people, including its structured products team, from Hong Kong to Singapore. “It makes more sense to have everyone operating under one roof,” said an ING spokesperson.

Damien Wood, head of credit research; the credit trading desk, which includes one credit derivatives trader; and the Asia-Pacific structured products team headed by Mark Newman, will move to Singapore in the course of 2004.

The fixed-income division is headed by Percy Rueber, head of financial markets for Asia-Pacific.

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