ING's head of communications reiterated their strategy was to be in every country in Asia where there is capital markets. These new hires are intensifying and reinforcing their presence in those countries. Terence Alford has been promoted to head of equity sales in Taiwan. He joined ING in January 2002 from Dresdner RCM in Hong Kong where he was a rated fund manager for five years.

Reporting to Terence Alford is another new appointment, Phillip Liu, who will be vice president on the domestic sales desk in Taiwan focusing on developing ING's domestic institutional client base. Liu has been working in equity sales for over 14 years most recently at Nomura as head of sales and prior to that with Jardine Fleming.

Eliyahu Soloman joins the equity sales team in Hong Kong as vice president with primary responsibility for communicating research ideas to ING's global client base. Soloman has over 14 years equity sales and trading experience most recently with GK Goh Securities as head of sales for Hong Kong. He had responsibility for developing Hong Kong sales and trading platform and distributing Singapore product. Prior to that he was with Dresdner Kleinwort Wasserstein in Hong Kong.

Both Alford and Soloman will report to Stephen Hill, head of equity sales in Asia. Mark Barclay joins ING as senior analyst in Korea responsible for expanding ING's coverage of Korean non-bank Financials and Chemicals sector, in response to increasing client demand for Korean equities coverage. He will report directly to Eugene Ha, Head of Equity Research, Korea. Prior to joining ING, Mr Barclay spent five years in the research department at Samsung Securities Co Ltd.