Rabobank loses head of market risk to ING

Van Balen, who is on gardening leave, will be temporarily replaced by Paul Wallis, the London-based head of local market risk, and Marc Cluytens, the Utrecht-based head of risk advisory and policies, until a permanent replacement is found. ING declined to comment on the move, but van Balen is understood to be starting on the banks’ market risk team in November.

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