ING appoints Doug Caldwell CRO Insurance/IM EurAsia
(Thomson Reuters ONE) -
ING announced today the appointment of Doug Caldwell as Member of the Management
Board Insurance EurAsia (MBE) and Chief Risk Officer (CRO) Insurance/IM EurAsia
as of 1 December 2012. Within the MBE, Doug Caldwell will be responsible for all
operational and business-related aspects of Risk Management for Insurance/IM
Eurasia.
Doug Caldwell (1969, American) has extensive international experience and
expertise in the field of risk management. Since joining ING in 1999, Mr
Caldwell held several senior management positions including Vice President
Financial Reporting and Control for ING Re Individual Life in Denver, Head of
ING Group Corporate Insurance Risk Management in Amsterdam, Head of Asset
Liability and Capital Management for ING Insurance US and Chief Risk Officer for
ING Insurance Asia Pacific in Hong Kong.
Before joining ING, Doug Caldwell held various actuarial positions with ARM
Financial Group and Ernst&Young. Doug Caldwell has a degree in Mathematics from
Auburn University, is a Fellow of the Society of Actuaries, and is a Chartered
Enterprise Risk Analyst.
Jan Hommen, CEO of ING Group said: "We are very pleased to welcome Doug in our
team. His strong qualities in risk management and long international career will
be of great value in preparing our European insurance and investment management
operations for the base case of an IPO."
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ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a broad
customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal base
for an independent future for our insurance and investment management operations
IMPORTANT LEGAL INFORMATION
Certain of the statements contained in this document are not historical facts,
including, without limitation, certain statements made of future expectations
and other forward-looking statements that are based on management's current
views and assumptions and involve known and unknown risks and uncertainties that
could cause actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results, performance or
events may differ materially from those in such statements due to, without
limitation: (1) changes in general economic conditions, in particular economic
conditions in ING's core markets, (2) changes in performance of financial
markets, including developing markets, (3) consequences of a potential (partial)
break-up of the euro, (4) the implementation of ING's restructuring plan to
separate banking and insurance operations, (5) changes in the availability of,
and costs associated with, sources of liquidity such as interbank funding, as
well as conditions in the credit markets generally, including changes in
borrower and counterparty creditworthiness, (6) the frequency and severity of
insured loss events, (7) changes affecting mortality and morbidity levels and
trends, (8) changes affecting persistency levels, (9) changes affecting interest
rate levels, (10) changes affecting currency exchange rates, (11) changes in
investor, customer and policyholder behaviour, (12) changes in general
competitive factors, (13) changes in laws and regulations, (14) changes in the
policies of governments and/or regulatory authorities, (15) conclusions with
regard to purchase accounting assumptions and methodologies, (16) changes in
ownership that could affect the future availability to us of net operating loss,
net capital and built-in loss carry forwards, (17) changes in credit-ratings,
(18) ING's ability to achieve projected operational synergies and (19) the other
risks and uncertainties detailed in the risk factors section contained in the
most recent annual report of ING Groep N.V.
Any forward-looking statements made by or on behalf of ING speak only as of the
date they are made, and, ING assumes no obligation to publicly update or revise
any forward-looking statements, whether as a result of new information or for
any other reason. This document does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities.
pdf version of the press release:
http://hugin.info/130668/R/1659388/537223.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via Thomson Reuters ONE
[HUG#1659388]
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2012 - 08:02 Uhr
Sprache: Deutsch
News-ID 205746
Anzahl Zeichen: 5602
contact information:
Town:
Amsterdam
Kategorie:
Business News
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