With immediate effect, Patrick Degg moves to Asia as regional head of leveraged finance and sponsor coverage. Degg will work closely with the corporate finance function to support demand from private equity sponsors and corporate clients for mergers and acquisitions related cost-efficient funding.
He switches to the new Hong Kong-based role from ING in London. During his time with the firm in London, he played a key part in the establishment of a cross-border team across Europe and was responsible for the origination and execution of a number of high-profile deals for the institution.
Also transferring to ING's Wholesale Bank in Asia from London is Tibor Papp. He arrives at the Hong Kong office as managing director, co-head of syndicated finance for Asia. For the last two years, Papp has served as a director in acquisition finance, syndications in which he was responsible for the underwriting, structuring and distribution of various ING-led leveraged finance transactions across Europe.
Papp first joined ING in 2004 from the Canadian Imperial Bank of Commerce. He also brings experience from Bankers Trust.
He will hold the title of co-head of syndicated finance for Asia with Sandeep Sharma, who is based in Singapore. Sharma is currently managing director, loan syndications Asia. He joined ING in 2001 from Bank of America in India where he led its syndicated finance team in the country.
Elsewhere at ING, Robert Scholten, currently head of loan syndications Asia, will transfer to Indonesia. He first joined ING in 1991, before transferring to Hong Kong a year later. He has served in the commercial banking department and for three years as head of credit and marketing in China.