ING centralises in Singapore

SINGAPORE – ING is centralising its pan-Asian fixed-income business in Singapore, following a similar move for forex traders in November 2002.

The Dutch investment bank expects to move around 20 people to Singapore over the course of 2004, in a step that brings the bank’s forex and fixed-income structuring teams in Asia together for the first time.

A spokesperson for the bank said that while the move was not motivated by a need to bring the two teams closer together, there would be obvious

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