M&A boss walks out of ING Barings

A quote from The Importance of Being Earnest springs to mind as ING Barings loses two senior people in as many weeks - losing one might be a misfortune, but losing two is just careless.

It was another bad day for ING Barings corporate finance team as Anthony Steains, the firm's head of Asian MA, resigned. Steains is thought to be going to Deutsche Bank, although Deutsche Bank was unable to comment and Steains could not be reached.

It is another blow for ING Barings, which last week lost Chester Kwok to CSFB. Kwok had run the Hong Kong corporate finance division, and had been with ING forĀ four years. Steains is an even bigger loss. The plucky Australian had blossomed in the Barings' culture for five years and rose to run the firm's MA division.

What is less certain is how much both men's...

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