ING announces shake-up of Swiss commodity finance offering
ING’s Swiss unit has announced a reshuffle of its trade and commodity finance (TCF) business, dividing its portfolio between global trading house clients and those requiring specialised lending. The bank’s Geneva-based branch will serve larger commodity finance clients through its Swiss global merchants groups unit, headed by Patrick Arnaud. The unit will focus on traders with a multi-location and multi-product strategy. The other unit, called transactional commodity finance, is led by François Broussard and targets clients where relationships are rooted in specialised lending, including product and technical sector expertise. Trade heads Arnaud and Broussard report to Maarten Koning, global head of trade and commodity finance, and both also join the management committee of ING in Switzerland. Arnaud joined ING in 2007, and has been a director in its TCF energy and metals team since 2016. He was most recently in charge of its large trader desk. Broussard joined the bank i