Thursday, July 10, 2008

Fidelity poaches ING Asia fund exec Venes

Mutual fund giant Fidelity International has poached a senior marketing executive from ING Groep NV's (ING.AS: Quote, Profile, Research)(ING.N: Quote, Profile, Research) Asia Pacific fund arm as part of its expansion in the region, a source told Reuters on Thursday.

The international affiliate of the world's largest mutual fund company has hired Carlo Venes to join the firm on Aug. 4 in a newly created role as head of institutional business for non-Japan Asia, said the source, who had direct knowledge of the situation.

Venes, who joined ING in 1994, was most recently the Hong Kong-based regional chief marketing officer for the fund arm of the Dutch financial services group.

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