Bill Connelly to retire; Isabel Fernandez to become Head of ING Wholesale Banking
(Thomson Reuters ONE) -
Bill Connelly, member of the Management Board Banking and Head of ING Wholesale
Banking, today announced his retirement. He will step down from the Management
Board Banking as of 1 November 2016. Bill will be succeeded by Maria Isabel
Fernandez Niemann (Spanish-Dutch, 1968) who will join ING as a member of the
Management Board Banking on 1 September 2016 and will become Head of Wholesale
Banking as of 1 November 2016.
Isabel joins ING from General Electric where she currently is Global Commercial
Leader and Head of Sales for the company, functionally responsible for GE's
20,000+ global sales force. Her responsibilities include GE's Global Commercial
Shared Services, GE's Commercial Council and all Corporate oversight teams for
Sales. She is currently based in the US.
Prior to this role, Isabel held a variety of leadership roles at GE and GE
Capital, including CEO of Structured Finance Media & Technology, Chief
Commercial Officer of GE Capital EMEA, CEO of Global Bank Loans and most
recently Chief Commercial Officer of GE Capital. Before joining GE, Isabel
worked in commercial banking in roles ranging from leveraged lending and project
finance to global relationship management. Isabel holds a Master's in Law from
Leiden University, the Netherlands. Her appointment has been approved by the
Dutch Central Bank (DNB) and the European Central Bank (ECB).
Bill Connelly was appointed to the Management Board Banking and as Head of
Wholesale Banking on 1 January 2011. Bill started his career in 1980 at Chase
Manhattan Bank. In 1990 he moved to Barings Brothers (later ING Barings) where
he was responsible for corporate finance and advisory activities in Spain and
later Western Europe. From 2004 he held various global leadership roles at ING
Wholesale Banking in Corporate Finance and Equity Markets, Corporate Clients,
and Commercial Banking Services. He also served as CEO of ING Real Estate
Investment Management.
Ralph Hamers, CEO of ING said: "Isabel Fernandez brings a wealth of experience
in banking as well as in-depth knowledge of financing businesses in many of our
key segments. Her experience in growth of new businesses and innovation will
help us achieve the Think Forward strategy ambitions. Under Bill Connelly's
leadership ING Wholesale Banking strengthened as a premier global franchise and
one of ING's growth engines. Bill streamlined and further aligned the Wholesale
Banking activities with the Think Forward strategy, focusing on primary
relationships. He successfully implemented the strategy, delivering on growth in
Transaction Services, Industry Lending and clients in the Challenger & Growth
countries. I want to thank him for his many years of dedication to ING and our
clients and wish him well for the future."
Note for editors
A short interview with Isabel Fernandez on her career and view on the banking
sector is available online at www.ing.com.
For further information on ING, please visit www.ing.com. Frequent news updates
can be found in the Newsroom or via the (at)ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download at Flickr.
Footage (B-roll) of ING is available via videobankonline.com, or can be
requested by emailing info(at)videobankonline.com. ING presentations are available
at SlideShare.
Press enquiries Investor enquiries
Carolien van der Giessen ING Group Investor Relations
+31 20 576 6386 +31 20 576 6396
Carolien.van.der.Giessen(at)ing.com Investor.Relations(at)ing.com
ING Profile
ING is a global financial institution with a strong European base, offering
banking services through its operating company ING Bank. The purpose of ING Bank
is empowering people to stay a step ahead in life and in business. ING Bank's
more than 52,000 employees offer retail and wholesale banking services to
customers in over 40 countries.
ING Group shares are listed (in the form of depositary receipts) on the
exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock
Exchange (ADRs: ING US, ING.N).
Sustainability forms an integral part of ING's corporate strategy, which is
evidenced by ING Group shares being included in the FTSE4Good index and in the
Dow Jones Sustainability Index (Europe and World) where ING is among the leaders
in the Banks industry group.
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) 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, (5) changes
affecting interest rate levels, (6) changes affecting currency exchange rates,
(7) changes in investor and customer behaviour, (8) changes in general
competitive factors, (9) changes in laws and regulations, (10) changes in the
policies of governments and/or regulatory authorities, (11) conclusions with
regard to purchase accounting assumptions and methodologies, (12) changes in
ownership that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, (13) changes in credit
ratings, (14) ING's ability to achieve projected operational synergies and
(15) the other risks and uncertainties detailed in the most recent annual
report of ING Groep N.V. (including the Risk Factors contained therein) and
ING's more recent disclosures, including press releases, which are available
on www.ING.com. 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 purchase, any securities in the United States or any other
jurisdiction.
pdf version of press release:
http://hugin.info/130668/R/2016952/748229.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2016952]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 474845
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Kategorie:
Business News
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