ING, the Dutch banking group, has suffered a further blow to its investment banking business with the departure of Tim Hall, global head of debt capital markets. The loss of Hall comes just two months after Andrew Dell, head of ING's successful emerging market debt syndicate, left to join HSBC.

Hall, who resigned two weeks ago, left ING on Friday after a decade at the Dutch group. He joined ING in mid-1994 as head of its US private placement debt team, and relocated to London as head of European high-yield capital markets in 1998. He retained responsibility for ING's high-yield debt origination and syndicate after being promoted to global head of debt.