ING Barings to snap up Bank of America's Indian team

ING Barings has hired Bank of America''s entire Indian investment banking team, in the wake of the latter''s decision to shut down its Asian operations.

Filling a noticeable gap in its global emerging markets franchise, ING Barings has hired Bank of America's BoA entire Indian investment banking team. The move follows BoA's decision in June to close its investment banking operations in Asia, affecting 55 staff in Bombay, Hong Kong and Singapore.

In truth, its Indian operations were an exception to the bank's failure elsewhere in the region and it is believed to have had 16 outstanding mandates when the announcement to close its office was made. These include the privatizations of Indian Airports and Madras Fertilizer, as well as MA deals for Indian Oil, Infosys and Wipro.

Just what will happen with these mandates has...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222