Welch has plenty of experience within the financial institutions field. Most recently he was a managing director in Temasek Holdings' investment group with a focus on financial institutions. Before that he was head of Asia financial institutions and global head of banks at Standard Chartered. Earlier in his career, Welch worked at Merrill Lynch, McKinsey and Company, and HSBC. He is an Oxford graduate with a Harvard MBA.
Working in Singapore, Welch will report locally to Manolet Salak and functionally to Bart Schmeetz, who is based in Amsterdam. With regards to his responsibilities relating to INGÆs Asia involvement with TMB, ING Vysya Bank and other affiliates, he will report to Wilfred Nagel, CEO of ING wholesale banking for Asia.
ôMathewÆs appointment reflects our commitment to this sector and his knowledge will be extremely valuable to our clients. With 20 years of experience in financial services in the region, Mathew will play a leading role to strengthen our relationships with key financial institutions and extend INGÆs capabilities throughout the region,ö says Nagel.
As Asian banks grow larger they are increasingly seeking advice on areas such as asset liability management, foreign exchange exposure and cost effective ways of raising capital. Global firms are well-placed to provide such advice and ING is following the lead of a number of other firms in strengthening its delivery capabilities in the region.