ING shuffles fund heads in Hong Kong

After six years with ING Investment Management, Asia head of equities Nick Toovey will leave the firm on February 1, when Pranay Gupta will assume the newly created post of Asia-Pacific chief investment officer. ING IM would not comment on the reasons for Toovey's departure or where he might be headed, nor whether he will be replaced. Spokeswoman Cynthia Church would only say that Gupta is not a direct replacement for Nick. Gupta has been based in Hong Kong since he joined ING last …