ING looks to expand non-interest income pillars in Singapore to buffer rate risks

[SINGAPORE] Dutch lender ING is accelerating efforts to build up its fee-based revenue amid the prospect of lower interest rates.

In Singapore, that means deeper investments in capital markets and advisory, and in transaction services.

“We’ve made some senior hires here in Singapore across both of those businesses; both across leadership and the levels below,” said managing director and Singapore country manager Anand Sachdev.