ING Launches Private Markets Unit, Led by Maarten Koning.

ING Groep NV has created a new unit for private markets deals, labeling the business as a "key growth" area within its wholesale banking division. The unit, led by Maarten Koning, will focus on alternative capital providers such as private equity firms and sovereign wealth funds. ING has been stepping up efforts to make money from private markets investments and reduce its dependency on lending income.