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Chief risk officer at ING Investment Management to step down in April

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  • Chief risk officer at ING Investment Management to step down in April

NETHERLANDS - David Suetens, chief risk officer at ING Investment Management, will leave his job at the end of April.

Suetens has served as the company's global CRO and sat as an adviser on its risk committee since 2009.

Michel van Mazijk - who was responsible for developing the Dutch institutional market for ING IM's fiduciary proposal - also left the asset manager recently.

But Karl Hanuska, spokesman at ING IM, said the departure of Suetens and Van Mazijk was purely coincidental and had nothing to do with the company's restructuring plans.

"Our relationship with Suetens is good - he just was up to a new challenge," he said.

ING IM announced that it has hired several key staff members for its three regional offices on the back of the "continued success" of its emerging market debt boutique.

At its office at The Hague, it appointed Sukhjeet Reehal as senior investment manager for local currency strategies to cover the EMEA time zones, and Kaan Nazli as economist covering the CEEMEA region.

They joined from JP Morgan/the ECU group and Medley Global Advisors, respectively.

Manuel Guerena joined as a senior credit analyst from Standard & Poor's, focusing on Latin American and Asian credits.

ING IM has also recruited Patrick Chia in Singapore as its new head of Asian fixed income.

Chia has 24 years of experience in Asian and global fixed income markets, managing funds for a range of institutional investors, including sovereign wealth funds.

He was most recently with Amundi Asset Management, and also had positions at DBS Asset Management, OCBC and Standard Chartered Bank.

Joining Chia in Singapore are Peter Sengelmann as client portfolio manager, Sean Jutahkiti as senior credit analyst and Desmond Lim as portfolio assistant.

In Atlanta, ING IM appointed Violeta Ramos Romero as credit analyst to cover corporate credits in Latin America.

Previously, she covered credit in the region at ING IM Mexico.

The company said it now had 28 dedicated professionals working to deliver alpha for its clients.

ING IM has approximately €330bn of assets under management and is active in 32 countries worldwide.

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