ING hires regional equities CIO

Nick Toovey leaves Merrill Lynch.

Nick Toovey has left Merrill Lynch to join ING Investment Management in Hong Kong as regional head of equities for Asia Pacific. He has just joined ING and reports to Chris Ryan, regional CEO.

The hire is the result of a region-wide search to replace and upgrade the equities position vacated in February by Didier Devresse, who had transferred from Singapore to take over the Japan CEO role.

Toovey's role has been upgraded to be responsible for the entire region and 12 offices, says Ryan. Previously, the equities function had been managed both in Sydney and in Singapore. Since last year's acquisition of Aetna, which had a sizeable asset base...

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