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ING promotes chief risk officer to CEO

Previous chief executive to become boss of UBS


Elena Johansson

Dutch banking group ING has promoted Steven van Rijswijk (pictured) to chief executive to succeed Ralph Hamers, effective 1 July.

Hamers will leave ING and become the chief executive of UBS later in the year.

Van Rijswijk said that he has no plans to change the bank’s strategy when he steps up to the top job.

“As a member of the executive board over the last years, I was also responsible for that strategy, so that would not be obvious. Secondly, and even more important, the heart of our strategy sits with the focus on our customers, and that doesn’t change with a new CEO,” he explained.

Van Rijswijk is currently a member of the executive board and chief risk officer of ING Group and a member and chief risk officer of the management board banking of ING Bank.

He joined ING in 1995 and has held various positions.

In 2014, he became global head of client coverage at ING Wholesale Banking and was responsible for relationship management, transaction services and finance for corporate clients and financial institutions in over 40 countries.

In the past few years, he played “a key role in the strengthening of ING’s gatekeeper role and the progress of the bank’s model, data and analytics capabilities”, ING said.

The recruitment for a new chief risk officer is underway.

In the interim, Karst Jan Wolters, chief risk officer of ING Wholesale Banking, will take on the day-to-day risk management activities, and report to Tanate Phutrakul, the chief financial officer of ING Group and ING Bank.