ING Wholesale Banking has announced a hire in its Singapore offices, with Terence Yiu named as its new head of foreign exchange options, Asia. Effective immediately, Yiu reports to Remi Dupoirieux, head of developed market foreign exchange and foreign exchange derivatives, Asia.

In the new role, Yiu assumes responsibility for leveraging the bank's existing options expertise and technology to enhance global FX coverage in Asia. In particular, the role will focus on Asian local currencies, to the benefit of ING's global client base.

Most recently, Yiu was at ABN AMRO where he set up the regional currency options desk as chief dealer, global FX options/local markets. In this role he was responsible for adding exotic capabilities to the Asian currency option business as well as onshore currency options in India, Indonesia and Thailand.