ING makes three senior appointments in Asia

By Reshmi Basu

New York, April 13 - ING Wholesale Banking made three senior appointments to strengthen its corporate and investment banking business in Asia, according to a news release

Elbert Pattijn was named Asian head of debt products origination, based in Singapore. He will lead the combined efforts of the bank's loan syndication, securitization and debt capital markets operations in Asia.

Pattijn joined ING in 1996 and was previously the head of global risk research, based in Amsterdam.

Ajay Sawhney was named head of acquisition finance and sponsor coverage for Asia. The position was created to boost ING's support of funding for leveraged buyouts. Sawhney will remain head of technology, media and telecoms structured finance in Asia.

He joined ING in 1994 from Citibank and has over 14 years of structured finance experience.

Mark Newman was appointed head of financial markets in Asia, where he will be responsible for all of ING's fixed-income sales and trading, sovereign and credit research, foreign exchange, money markets and credit and equity derivatives. Newman will retain his current position of head of structured products and structured credit in Asia.

He joined ING in London in 1992 and has spent eight years in Asia.

He replaces Percy Rueber, who has been named global head of intermediation and deputy global head of financial markets.

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