ING announces governance changes in Insurance/IM Europe
(Thomson Reuters ONE) -
ING today announced a number of changes in the governance of
Insurance/Investment Management Europe as that business continues to push
forward with its preparations for a standalone future. These governance changes
follow the measures announced in November 2012 in order to increase efficiency
and effectiveness through sharpening the strategic focus, improving processes
and systems and reducing the number of management layers of support staff in the
Netherlands.
In this context, as of this summer the current regional headquarters for
Insurance Benelux and Insurance Central & Rest of Europe (CRE) will be combined
into one head office for the European Insurance and Investment Management
businesses with support staff for all business units. There will be separate
reporting lines for the Dutch Nationale-Nederlanden business units as well as
for the international insurance businesses and ING Investment Management
International.
The CEOs of the Nationale-Nederlanden business units, Nationale-Nederlanden
Life, Nationale-Nederlanden Non Life and Nationale-Nederlanden Bank will report
directly to Lard Friese, in his capacity as Member of the Management Board
Insurance EurAsia and responsible for the Insurance businesses in Europe. David
Knibbe, currently CEO of CRE, will assume responsibility for Insurance
International and will add Insurance Luxembourg and Insurance Belgium to his
responsibilities. David Knibbe will continue to report to Lard Friese. Tom
Kliphuis, currently CEO of Insurance Benelux and CEO of Nationale-Nederlanden
has decided to step down as of 1 April 2013.
Jan Hommen, CEO of ING said: "The transformation programme at Insurance Europe
is key in preparing our European Insurance and Investment Management
organisation for its standalone future. The objective is to build an agile
organisation, able to drive change and performance at the same time. I am
convinced that the reduction of the number of management layers will help the
organisation become more efficient and effective. Finally, I want to take this
opportunity to thank Tom Kliphuis for his many years of dedicated service to
ING's international insurance operations. We wish him well in his future
endeavours."
Press enquiries Investor enquiries
Ingeborg Klunder Investor Relations
+31 20 57 66371 +31 20 57 66396
Ingeborg.Klunder(at)ing.com Investor.Relations(at)ing.com
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 herein 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/1684752/551722.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#1684752]
Unternehmensinformation / Kurzprofil:
Datum: 13.03.2013 - 07:57 Uhr
Sprache: Deutsch
News-ID 238855
Anzahl Zeichen: 6493
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 142 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"ING announces governance changes in Insurance/IM Europe"
steht unter der journalistisch-redaktionellen Verantwortung von
ING Group (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
