Tim Fallowfield, director in foreign exchange, money markets and derivatives trading in Singapore, has quit ING Financial Markets. He had been at the firm for over five years and rivals said he was a respected market veteran. Fallowfield could not be reached.
As part of his remit, Fallowfield headed trading for Southeast Asia. He was responsible for moving the fx and fixed income desks from Hong Kong last year to cut costs (DW, 12/15). He reported to Percy Rueber, Asian head of financial markets. Rueber did not return calls.