ING To Centralize Asian Trading Desk

  • 16 Dec 2002
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ING Financial Markets is gearing up to move its Hong Kong-based Asian foreign exchange and fixed income trading operation to Singapore in the coming weeks. "This is a move to rationalize costs and handle trading through a single entity--based upon greater efficiency," said Tim Fallowfield, director of foreign exchange, money markets and derivatives trading in Hong Kong. Fallowfield will move with five traders to join the sales team, which has already relocated to Singapore in recent weeks. The Hong Kong dollar derivatives trader will remain in Hong Kong along with the China coverage sales team. Fallowfield said moving the operation to Singapore means ING will be able to reduce its back-office costs.

ING is not alone in centralizing its trading operation. Goldman Sachs made plans to centralize its Asia credit derivatives operation from Hong Kong to Tokyo (DW 10, 27) and Barclays Capital Asia moved its equity derivatives operation from Hong Kong to Tokyo as well (DW, 10/13). But most firms have opted for Tokyo as the central hub, according to Mike Brennan, Asian managing director at the Alexander Mann Group in Hong Kong.

  • 16 Dec 2002

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 Citi 244,235.70 910 8.87%
2 JPMorgan 223,767.95 1021 8.13%
3 Bank of America Merrill Lynch 211,276.97 750 7.68%
4 Barclays 166,062.82 634 6.03%
5 Goldman Sachs 162,877.27 537 5.92%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 21 Jul 2017
1 HSBC 25,385.87 103 7.10%
2 Deutsche Bank 25,125.19 81 7.03%
3 Bank of America Merrill Lynch 22,023.57 59 6.16%
4 BNP Paribas 18,766.65 109 5.25%
5 Credit Agricole CIB 18,157.63 105 5.08%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 18 Jul 2017
1 JPMorgan 12,578.87 55 8.17%
2 Citi 11,338.07 71 7.36%
3 UBS 10,682.06 44 6.93%
4 Goldman Sachs 10,419.53 53 6.76%
5 Morgan Stanley 10,194.88 57 6.62%