ING appoints new head of financial institutions for Asia

Jae Woong Park takes on the position that became vacant a few months ago when Mathew Welch left to join Daiwa Capital Markets.

ING Commercial Banking has appointed Jae Woong Park as its new head of financial institutions for Asia, replacing Mathew Welch who left the bank a few months ago. Park, who was previously head of financial institutions for Northeast Asia, started his new job on January 1, according to a release issued yesterday.

Park, a managing director, was previously based in Korea, but has moved to Singapore for his new role. He will report locally to Manolet Salak, who is head of clients and corporate finance for Asia, and functionally to Amsterdam-based Bart Schmeetz, who is global head of financial institutions for emerging markets.

Park will be responsible for building ING’s...

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