ING hires Asia FI head from Temasek

ING has hired Mathew Welch from Singapore state investment fund Temasek Holdings as head of financial institutions (FI) for Asia.

Welch will be responsible for building the Dutch group's FI business across the Asia-Pacific region, working closely with product partners and FI relationship managers in each country.

Based in Singapore, he will report to Manolet Salak locally and functionally to Bart Schmeetz in Amsterdam. He will also have a reporting line to Wilfred Nagel for activities related to ING Wholesale Banking Asia's involvement in TMB, ING Vysya Bank and other affiliates.

At Temasek, Welch was a managing director in the investment group with a focus on FIs, and before that head of the Asian FI group at Standard Chartered.