INGIM announces new CEO
Following the news that ING Investment ManagementAustralia chief executive Grant Bailey will be relocating to Dubai to head up a new business operation, the company has sourced a replacement from within its own ranks, appointing David McClatchy to the top role.
McClatchy has been with ING since 1993, based in New Zealand from 1997 as chief investment officer before transferring to his current role as chief investment officer and deputy chief executive in Australia in June 2004.
His appointment to chief executive will be effective from October.
The ING Group announced recently that it intended to establish an investment management presence in the Middle East to take advantage of the good opportunities in the fast-growing region.
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