ING sees losses in research

Three go from ING research team.

They say bad news comes in threes and so it would seem at ING. In one week it has lost its heads of research in Hong Kong, and Taiwan, as well as its regional head of power and utility research.

Merrill Lynch has hired Weimin Chang to head up its research team in Taiwan from the Dutch firm where he held the same role.

JPMorgan meanwhile has further bulked up it equities effort, by hiring Xen Gladstone, formerly head of ING's Hong Kong research team and Bill Laukka who ran power and utility research. After seeing a significant outflow of research staff last year, maybe as many as 15, ING may need...

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