ING Nabs Bear Stearns Credit Trader
ING Financial Markets has hired Achara Sapcharoen, credit derivatives trader at Bear Stearns in Tokyo, in a similar role on its fixed income desk in Singapore. Sapcharoen, who starts early next month, will report to Mark Newman, head of financial markets and Asian head of the structured products group in Hong Kong. Newman declined comment and Sapcharoen could not be reached. Market officials noted that she is likely a replacement for Trevor Vail, credit derivatives trader, who moved to Royal Bank of Scotland in Tokyo earlier this year (DW, 4/27).
At Bear Stearns she reported to Raymond Wong, head of fixed income trading in Tokyo. Wong said the firm has reorganized the desk and is not looking for a replacement, but declined to elaborate.