ING financial Markets has bought its corporate credit research and sovereign research into one unit under the head of Tim Condon, who will take the title, Head of Financial Markets Research, Asia. Condon, presently Chief Economist, Asia, will maintain his supervising role in economic research alongside his new responsibilities for credit research.
As Head of Financial Markets Research, Asia, Condon will report to Percy Rueber, Head of Financial Markets, Asia.
The move corresponds with ING's corporate and investment banking strategy to place greater emphasis on superior value-added services to the bank's global client base. By joining the two research departments, Condon will assume responsibility over all ING economics, local currency and US dollar bonds, sovereign and credit research within Asia.
Reflecting on his new role, Condon states, "As Asia develops, we're seeing a growing universe of high grade corporate bonds to add to the higher yielding credits in the region. In providing research that encompasses all the region's credits, we will be able to advise investors of the best opportunities, supporting portfolio construction requirements, while understanding the dynamics of the risk environment which the corporates operate."
Condon joined the ING economic research division in 1999 from Morgan Stanley where he was executive director and senior regional economist. Prior to Morgan Stanley, he was employed by the World Bank where he began his career as an economist covering Africa, East Asia, Eastern Europe and Latin America. This role relocated him from Washington DC to Jakarta from1992 to 1996 where Condon was based in the World Bank's resident mission.