ING Investment Management has appointed William Bonde as co-head of its fund of hedge funds business. He will work closely with joint co-head Harold Yoon and report to Paul Gyra, head of alternatives.

Bonde joins from Commerzbank Capital Markets, where he was co-head of alternative investment strategies for the firm’s international hedge fund of funds business.

“We see significant potential for ING to bring its hedge fund of funds capabilities to clients across the world and this addition to the team is an important one,” said Robert Leary, chairman of ING Investment Management.

ING Investment Management is the primary investment arm of ING Group and has over $500 billion in assets under management across 33 countries.