03.10.2008 - ING eyes new property derivatives drive
From Reuters: ING Group is plotting a new push into Europe's young real estate derivatives market after hiring two of the sector's most experienced market-makers. ING has recruited Rawle Parris from ABN AMRO and Jose-Luis Pellicer from Goldman Sachs to help it develop coverage of the burgeoning market and promote property swaps as hedging tools for external and internal clients. Although part of ING's financial markets division and therefore separate to ING Real Estate, the appointment of Parris and Pellicer could persuade ING - one of the world's biggest bricks and mortar investors - to increase use of property derivatives within its 100 billion euro ($139.5 billion) plus portfolio..... Full Article: Source
Print