ING, one of the leading multinational banking and financial service provider has revealed the appointment of new Chief Executive Officer in its latest announcement. As per statement released by the firm, it has promoted Mr. Steven Van Rijswijk as its new Chief Executive officer set to come into effect from 1st July 2020. This move comes at the heels of announcement that Mr. Ralph Hamers – current CEO of ING is parting ways with the bank to assume role of CEO of UBS bank later this year. Mr. Steven Van Rijswijk is current serving as Chief Risk Officer and member of executive board at ING and was selected as successor of Mr. Hamers by the ING Group’s Supervisory Board. The newly named CEO has been a part of ING for 25 year now having joined the bank back in 1995.
Steven has held numerous roles across various departments of ING during his multi-decade long career and slowly made his way up the corporate ladder to his current role. He has served as part of the bank’s Mergers & Acquisitions, Equity Capital Markets, Capital Structuring and Advisory teams. He took on his first senior level leadership role in 2012 when he was promoted to the role of Global Head of Client Corporate Clients. He then took on the role of Global Head of Client Coverage for ING Wholesale Banking division in 2014 and was elected to become a member of executive board during the firm’s annual general meeting in 2017. As the global head of client coverage, he was responsible for relationship management, transaction services and corporate finance for corporate clients and financial institutions in over 40 countries.
As of August 2017, he also became Chief Risk Officer for ING Group’s Executive Board & Management Board Banking of ING Bank. The firm is currently on lookout for Mr. Steven’s successor to role of CRO once he assumes his duties as CEO. In the interim period until appointment of his successor, the role of CRO for ING Group Executive Board will be handled by Mr. Tanate Phutrakul – CFO at ING Group while day to day risk management activities will be handled by Mr. Karst Jan Wolters – current CEO at ING Wholesale banking unit and will report to Mr. Phutrakul.
Speaking about his promotion, Mr. Rijswijk said “I am very proud and thankful for the confidence the Supervisory Board has expressed in me. After working so many years with our colleagues and customers around the world, I’m looking forward to further build on our efforts to strengthen ING and enhance our position as one of Europe’s leading digital banks. I want to thank Ralph for his tireless commitment to ING and excellent cooperation in the past years on the Executive Board and wish him well for the future”.
Commenting on appointment of Steven as his successor, Mr. Hamers said “I congratulate Steven on his appointment. Having worked with him over many years I am convinced that he will sustain the steps we have taken to prepare ING for a digital and mobile future. Again I want to thank the many talented and dedicated colleagues and friends I have worked with over the past 29 years”.
Speaking on same note, Mr. Hans Wijers – Chairman of Supervisory Board of ING added “We are very pleased to appoint Steven, following a broad and rigorous selection process. With almost 25 years at ING, of which three on the Executive Board, Steven has shown to have the right combination of experience, leadership skills and deep understanding of our business to lead ING into the next phase of our strategic direction. Again, we want to thank Ralph for his contributions, preparing ING for the future with his vision and customer focus. Having been the longest serving CEO of ING, we wish him well in his next role”.