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Derivatives

Macquarie Nabs ING Trader For Structuring Build Up

Macquarie Bank has hired Frank Sutrisno, v.p., local markets fixed-income trader at ING Barings in Hong Kong, as a structurer in the structured products group in Sydney. He started in the new position last week and reports to Gary Vassallo, head of derivatives risk in Sydney. Vassallo said he is looking to build up a team for the bank's structured products group. Vassallo continued that there would be further hiring on the horizon but nothing immediate. He declined to elaborate.

Sutrisno said he will look to develop the business at Macquarie in Asia and Australia, declining further comment.

At ING Sutrisno reported to Nick Coutanche, Asian head of money markets, foreign exchange and derivatives in Hong Kong. Coutanche said Tim Fallowfield, director in Singapore, is handling Sutrisno's responsibilities. Fallowfield joined from ABN AMRO in Singapore last August.

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