ING Creates Latin American Trading Hub in New York

NEW YORK, Sept. 13, 2016 /PRNewswire/ -- ING announces that it has relocated its Latin American Foreign Exchange and Interest Rates Traders to its New York office.

The move aligns ING's Latin American sales, trading and research team with its Latin American clients, enabling better, dedicated servicing of foreign exchange and interest rate products. ING is expanding its Latin American coverage of Corporate Clients and Financial Institutions in its Financial Markets and Lending Services product offerings. As part of this expansion, ING has recently added to its Latin American Sales and Coverage teams in Sao Paolo, Mexico City and New York.

The traders, previously based in London, will now report to Wei-Tong Shu, Regional Head of Foreign Exchange & Rates Trading.

"We are seeing a growing demand for hedging products in Latin America. With competitors leaving the market, this is an opportunity to strengthen our commitment to our customers," said Michael Baudo, Regional Head of Financial Markets Americas. "Our expanded team in New York joins our on-the-ground expertise in our Mexico City, Sao Paulo and Buenos Aires offices."

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ING CAPITAL MARKETS LLC - PROFILE
ING Capital Markets LLC is registered with the Commodity Futures Trading Commission as a full service swaps dealer. ING Capital Markets LLC acts as counterparty to its domestic and international client base in a broad variety of product offerings including but not limited to -Foreign Exchange, Rate, Equity, Commodity, Credit Default and Inflation Derivatives.

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SOURCE ING