Key members of Natwest Markets' award-winning global strategy team, led by research chief John Reynolds, are quitting to join ING Barings.
Mr. Reynolds resigned Friday from his position as managing director and head of economics and strategy at Natwest Markets, said a spokeswoman. He is joining ING Barings as global head of research and chief strategist, ING said in a statement.
Mr. Reynolds, who had been with Natwest for six and one-half years, will report to head of equity brokerage and trading Michael Baring, and will join the executive committee of ING Barings Securities Ltd.
Leaving with him are Matthew Merritt, former global strategist at Natwest, who will be senior global strategist at ING, and Sean Roche, who is joining ING's strategy team.
Earlier this week, Francis Amman resigned as head of futures trading at Natwest Markets. Natwest Markets is the securities arm of National Westminster Bank PLC, the United Kingdom's third-largest consumer bank. ING Barings is the London arm of Amsterdam-based ING Group. On June 11, Natwest said it was paying $590 million to buy the U.S. bond trading company Greenwich Capital Markets as part of chief executive Martin Owen's goal of building the London-based investment bank into one of the world's 10 largest in the coming years.