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ING Wholesale Banking Expands UK Sales and Trading

London, 12-06-2006

ING Wholesale Bankingís Financial Markets and Equity Markets divisions have boosted their UK sales and trading operations with hiring of six sales/trading staff, across the stratgic trading, Global Securities Financing (GSF) fixed income, event driven and western European equity operations.

Within Financial Markets:

The Global Securities Financing business, which comprises INGís equity swaps, securities lending, repo and CFD operations, has hired two traders as part of the ongoing expansion of the businessís global capabilites.

Carmen Cox joins as a senior securities lending trader, reporting to Richard Pryce, head of equity lending and repo. Prior to joing ING, Carmen was at Lehmans. She joins with immediate effect.

Levent Hilmi joins as a equity swaps trader reporting to Sanjay Shah, European head of equity swaps. He joins with immediate effect.

Pascale Fontaine joins the fixed income sales desks as senior salesperson. Pascale will be reponsible for distribution of structured credits. She joins from Skandinaviska Enskilda Bank, where she distributed debt products into the UK, Spain and Switzerland. She reports to Liesbeth Huddart, UK head of structured credit sales, and joins with immediate effect.

Dean Tyler also joins the FI desk as a senior salesperson from F&C Asset Management, where he was head of fixed income dealing. Dean will join the emerging market/high yield sales team. He reports to Richard Gathercole, UK head of emerging market and high yield sales, and joins with immediate effect.

Within Equity Markets:

Diana Drapkin joins a a senior salesperson on the event driven and relative value sales desk, where she will work with the event driven/relative value analysts and traders on trading strategies for ING Ďs hedge fund clients in Europe and the US. Previously at ABN Amro, Diana started ABNís event driven/risk arbitrage sales desk with their European hedge fund sales group. She reports to Michael Dryden, head of the event driven and relative value sales desk, and joins with immediate effect.

Tom Tyler joins the western European equities team as a pan-European equity salesperson, responsible for the distribution into UK investors. He reports to Glenn Coltart, head of sales and sales trading in the UK, and joins with immediate effect. Thomas previously worked in pan-European equity sales roles at Commerzbank and HSBC.

Jon Tracey / Vanessa Arnoult
Wholesale Banking Communications
T +44 20 7767 6373 / 6944
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