Two former executives at Financial Guaranty Insurance Co. and a former Citicorp trader are leading ING Capital's effort to expand its global derivatives business into the municipal derivatives market.

ING Capital, the U.S. investment banking arm of Amsterdam-based INC Group, will provide municipal derivatives products such as swaps with maturities of up to 30 years, debt service agreements, structured products, and options, a recent news release said. The firm also provides liquidity guarantees.

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