PublicatieINGwholesale_8sept06

8 september 2006

ING Wholesale Banking Strengthens Client Coverage Model

ING Wholesale Banking announced today that it will re-align its client business model to enhance the coverage of its core large-cap and mid-cap corporate clients. With effect from 1 January 2007, responsibility for large and mid-cap corporate clients will be split, enabling ING Wholesale Banking to further improve client satisfaction and maximise growth opportunities with these core clients.

Bill Connelly has been appointed Head of Corporate Clients, in addition to his current role as Head of Corporate Finance and Equity Markets. The new Corporate Clients business will have specific responsibility for maximising cross-selling of higher value advisory, banking and financial markets products to ING’s corporate clients around the world. In addition, a new Event Finance function will be created which will focus on optimising clients’ balance sheet structures and coordinating the most complex transactions, drawing on disciplines from across the Wholesale Banking organisation.

Rutger Koopmans has been appointed as Head of Mid-sized Corporates & Financial Institutions, in addition to his current role as Head of Wholesale Banking Netherlands. The mid-sized corporates team will focus on further increasing ING Wholesale Banking’s penetration into the European mid-cap client sector, focusing on its existing mid-corporate markets in the Netherlands, Belgium, Poland and Romania. Rutger will be responsible for aligning ING’s mid-corporate product offering and sharing best practices across these target markets.

In his new role, Rutger joins the Wholesale Banking management team which is responsible for driving the overall strategic direction of Wholesale Banking. From 1 January 2007, the Wholesale Banking management team will consist of Eric Boyer de la Giroday – Head of Wholesale Banking, Jan Zegering Hadders – Head of Wholesale Banking Clients, Bill Connelly – Head of Wholesale Banking Corporate Clients, Rutger Koopmans – Head of Wholesale Banking Mid-sized Corporates & Financial Institutions, Olivier Casse – Head of Wholesale Banking Financial Markets, Diederik van Wassenaer – Head of Wholesale Banking Products and Ralph Hamers – Head of Wholesale Banking Network.

Jan Zegering Hadders will chair ING Wholesale Banking’s clients platform, comprising both the corporate clients and mid-sized corporates and financial institutions teams.

Eric Boyer, ING Group Executive Board member responsible for Wholesale Banking, said: “The new structure will enable us to further strengthen relationships with our core large and mid-sized clients by enhancing service coverage and focusing more of our resources on those clients where we have or can have a deeper relationship.”

Contact:
Jon Tracey/David van Eeghen +31 541 6401 / 8816
Jonathan.tracey@uk.ing.com/David.van.Eeghen@ing.com
Andy Muncer +44 7720 426892

ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. ING Wholesale Banking is the corporate and investment banking division of ING Group.