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ING Forms New Private Markets Unit
4 Dec
Summary
- ING has established a new unit dedicated to private markets deals.
- Maarten Koning will lead the new business as its global head.
- The team will focus on alternative capital providers and aims to expand.
ING Groep NV has introduced a new division focused on private markets transactions, identifying it as a significant growth area for its wholesale banking operations. This strategic move aims to enhance ING's capabilities in alternative capital sourcing and deal-making.
The new unit will be spearheaded by Maarten Koning, who currently holds the position of ING's global head of trade and commodities finance. Koning, based in London, will lead a team of approximately 30 professionals. This team will concentrate on engaging with various alternative capital providers.
ING plans to expand the team to a total of 40 members in the near future. The focus will be on collaborating with entities such as private equity firms, bank-owned asset managers, sovereign wealth funds, and family offices, underscoring ING's commitment to this expanding market.
