SINGAPORE, Jan. 18 /Xinhua-PRNewswire/ -- ING Wholesale Banking, Asia
("ING") today announced the appointment of Terence Yiu as Head of Foreign
Exchange Options, Asia effective immediately.
    Based in Singapore, Mr. Yiu reports to Mr. Remi Dupoirieux, Head of
Developed Market Foreign Exchange and Foreign Exchange Derivatives, Asia.  He
will be responsible for leveraging ING's existing options expertise and
technology to enhance FX option coverage in Asia, in particular for Asian
local currencies, to the benefit of the bank's global client base.
    Originally starting his career in Hong Kong with Standard Chartered, Mr.
Yiu moved to Singapore with the bank in 1995 to take on trading
responsibilities.  He was appointed Senior Foreign Exchange Options Trader for
global foreign exchange options in 1999.  Mr. Yiu joined ABN in 2002 to set up
the regional currency option desk as Chief Dealer, Global FX Options/Local
Markets and was responsible for adding exotic capabilities to the Asian
currency option business as well as onshore currency options in India,
Indonesia and Thailand.
    Mark Newman, Head of Financial Markets in Asia, stated: "We are delighted
that Terence has joined the team at a time when we are seeing an increasing
need for FX options.  His experience will considerably strengthen our capacity
to meet increased client demand for FX options and FX hedging solutions."

    ING is a global financial institution of Dutch origin offering banking,
insurance and asset management to over 60 million private, corporate and
institutional clients in more than 50 countries.  With a diverse workforce of
over 114,000 people, ING comprises a broad spectrum of prominent companies
that increasingly serve their clients under the ING brand.

    Press enquiries:

    ING Wholesale Banking
    Karen Williams
    Tel:   +852-2913-8536
    Email: karen.williams@ap.ing.com

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