ING Barings has named Manuel Salak III as its new country head for the Philippines. He will replace Renator De Guzman. His former responsibilities as head of corporate and institutional finance will be retained.

Salak joined ING Barings in 1994 as head of corporate finance. He served in the corporate banking and corporate finance division of the Bank of the Philippines Islands for the decade prior to that.

De Guzman will move to Singapore for his new position as regional head of private banking for Asia.