ING Said to Add London Jobs, Cut Stock Derivatives in Revamp
- Lender said to shift as many as 60 trading jobs to London
- ING said to seek to consolidate operations, cut costs
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ING Groep NV will move as many as 60 trading jobs from Amsterdam and Brussels to London as the biggest Dutch lender seeks to consolidate operations and cut costs, a person with knowledge of the plans said.
The company also plans to shut its equity derivatives business for financial institutions in New York, Singapore and Brussels, said the person, who asked not to be identified as the plans are confidential.