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ING hires Bugler to run synthetic portfolio team

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ING’s global securities finance team has hired Colin Bugler to head its new synthetic portfolio solutions team, reporting to Richard Pryce, head of equity lending and repo at the Dutch bank.

ING said the creation of the new team, which incorporates the established CFD offering, was part of the bank’s ambitious growth plan for its global securities finance business. Bugler’s remit will be to enhance ING’s position as a provider of securities financing products to hedge funds, as well as expanding the range of products offered.

“Hedge funds are seeking greater credit diversification among their providers of both