SINGAPORE, April 13 /Xinhua-PRNewswire/ -- ING Wholesale Banking (ING) is
pleased to announce three key senior management appointments to strengthen its
corporate and investment banking platform in Asia.
    Elbert Pattijn has been appointed to the role of Head of Debt Products
Origination, Asia, based in Singapore.  He will be responsible for leading a
new platform unifying ING's Loan Syndication, Securitisation and Debt Capital
Markets activities in Asia to provide an integrated product offering to ING's
global client base.  ING is among the leading providers of debt finance in the
region.  In 2004, ING was the largest bookrunner of peso-denominated bonds and
the third largest arranger of Loan Syndications in the Philippines.  It is
also a top ten arranger of syndicated loans in China, Hong Kong and India
(Source: Thomson Financial, Basis Point).  Mr. Pattijn transfers from ING
Group in Amsterdam, where he was Head of Counterparty Risk, Country Risk, Risk
Research and Modelling.  He began his career at ABN Amro Bank, before moving
to Barclays Bank where he has been involved in a variety of origination and
marketing roles, including responsibility for sales of lending, treasury and
capital markets products to large multinationals.  In 1996, Mr. Pattijn joined
ING where his initial responsibility was to develop tools to define ING's
risk-adjusted return on capital models.
    Ajay Sawhney has been appointed as Head of Acquisition Finance and Sponsor
Coverage, Asia in what is a new position for ING Wholesale Banking, Asia.  Mr.
Sawhney is currently Head of Technology, Media and Telecoms Structured
Finance, Asia, a position he will retain.  The launch of a new Acquisition
Finance capability in Asia reflects the growing demand from private equity
sponsors and corporate clients for cost-efficient specialized funding to
support Mergers & Acquisitions-related activities in the region.  ING is a
leading M&A house and has been ranked among the top ten M&A advisers for the
first quarter of 2005 in Asia (Source: Thomson Financial, Basis Point).
Acquisition Finance, Asia intends to capitalize on the expertise and strong
financial sponsor relationships of ING's Acquisition Finance business in
Europe.  Mr. Sawhney joined ING in 1994 from Citibank and has over 14 years of
Structured Finance experience.  He started ING's greenfield operation in New
Delhi and was given the responsibility to Head the Corporate Banking
activities for North and East India.  In 1996 he was given the task to set up
the Project Finance Unit for India.  In this capacity he was responsible for
the origination and execution of infrastructure related transactions,
primarily in the Power and Telecom sectors.  In 1998, Mr. Sawhney moved to
Hong Kong as a member of the regional Structured Finance team and became Head
of the Technology, Media and Telecoms Finance unit in Asia in 2001.
    Effective 1st July, Mark Newman has been appointed Head of Financial
Markets, Asia, responsible for all of ING's fixed income sales and trading,
sovereign and credit research, foreign exchange, money markets and credit and
equity derivatives.  He succeeds Percy Rueber who has been appointed Global
Head of Intermediation, responsible for all Financial Markets' products and
clients, and Deputy Global Head of Financial Markets.  Mr. Newman was
previously Head of Structured Products and Structured Credit, Asia -- a
position he will retain -- and has had extensive experience in Financial
Markets, joining the Structured Products team in 1998.  He joined ING in
London in 1992 and has spent eight years in Asia.
    Wifred Nagel, Head of ING Wholesale Banking, Asia, stated: "These
appointments serve to strengthen ING's capabilities to cross sell a range of
high-value added products to our key clients.  Elbert's appointment ensures
ING has dedicated origination resources at senior level, and will add further
value across Loan Syndications, Securitisation and Debt Capital Markets.  In
addition Elbert's risk management experience provides an added boost to our
ability to maximise the use of ING's balance sheet to win value-added client
business.  Ajay's appointment bolsters our leveraged buy-out capabilities and
further enhances our structured finance business, allowing us to offer an even
wider range of products to our clients.  The appointment of Mark as Head of
Financial Markets also provides deep knowledge and experience of Asia at a
senior level, which will be vital as we seek to offer more Financial Markets
products to our clients."

    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 50 countries.  With a diverse workforce of over
113,000 people, ING comprises a broad spectrum of prominent companies that
increasingly serve their clients under the ING brand.
    ING Wholesale Banking is the investment and commercial banking division of
ING Group and in Asia focuses on providing high-value-added products and
services to its clients, including structured finance, debt capital markets,
mergers and acquisitions advisory and syndicated loans, supported by its
anchor products in lending, cash management and treasury.

    Press enquiries:

     ING Wholesale Banking
     Sheel Kohli
     Tel:    +852-2913-8768
     Email:  sheel.kohli@asia.ing.com

     Karen Williams
     Tel:    +852-2913-8536
     Email:  karen.williams@asia.ing.com

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