(Bloomberg) -- ING Groep NV has hired Kevin Sim, most recently of BNP Paribas SA, as head of its financial institutions advisory practice in Asia Pacific, as the Dutch bank seeks to beef up its investment banking team, people familiar with the matter said.

Sim will be part of ING’s corporate finance team based in Singapore, the people said, asking not to be identified because the information isn’t public. He will report to Gautam Saxena, head of corporate finance in APAC, the people said.

Representatives for ING and BNP didn’t respond to requests seeking comment.

Sim has about two decades of experience in financial institutions dealmaking. He was recently head of insurance deals for APAC in BNP Paribas’s investment banking team. He has worked on mergers and acquisitions and equity capital markets transactions in the insurance industry across Southeast Asia.

ING in April hired Saxena to lead its corporate finance team in APAC. ING plans to focus on dealmaking in areas such as telecommunications, media and technology, infrastructure, energy, financial institutions, health care, transport and logistics.

©2024 Bloomberg L.P.