UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
June 2020
Commission File Number: 001-14642
ING Groep N.V.
(Translation of registrant's name into English)
Bijlmerplein 888
1102 MG Amsterdam
The Netherlands
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ X ] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
On June 19, 2020, the Registrant issued a press release, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
(c) Exhibit 99.1. Press release dated June 19, 2020
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
ING Groep N.V. | ||
(Registrant) | ||
Date: June 19, 2020 | /s/ Raymond Vermeulen | |
Raymond Vermeulen | ||
Head of Media Relations | ||
EXHIBIT 99.1
Steven van Rijswijk to succeed Ralph Hamers as CEO of ING
Steven van Rijswijk to succeed Ralph Hamers as CEO of ING
ING announced today that Steven van Rijswijk, currently member of the Executive Board and chief risk officer of ING, will succeed Ralph Hamers as CEO and chairman of the Executive Board. The Supervisory Board has appointed Steven van Rijswijk effective 1 July 2020. As announced earlier, Ralph Hamers will leave ING to join UBS, where he will become CEO later in the year.
Hans Wijers, chairman of the Supervisory Board of ING said: “We are very pleased to appoint Steven, following a broad and rigorous selection process. With almost 25 years at ING, of which three on the Executive Board, Steven has shown to have the right combination of experience, leadership skills and deep understanding of our business to lead ING into the next phase of our strategic direction. Again, we want to thank Ralph for his contributions, preparing ING for the future with his vision and customer focus. Having been the longest serving CEO of ING, we wish him well in his next role.”
Steven van Rijswijk (Dutch, 1970) was appointed to the Executive Board at the Annual General Meeting of shareholders in 2017. Steven joined ING in 1995 and held various positions in the Mergers & Acquisitions, Equity Capital Markets and Capital Structuring and Advisory teams. In 2012 he was appointed global head of Corporate Clients. He became global head of Client Coverage at ING Wholesale Banking in 2014, being responsible for relationship management, transaction services and corporate finance for corporate clients and financial institutions in over 40 countries.
In the past years, Steven played a key role in the strengthening of ING’s gatekeeper role and the progress of ING’s model, data and analytics capabilities. As of 2018, he also chairs a European inter-bank working group on the transition from Eonia to a new euro risk-free rate, also providing fallback rates for Euribor. Steven holds a master’s degree in business economics from Erasmus University Rotterdam. His appointment has been approved by the European Central Bank.
Steven van Rijswijk said: “I am very proud and thankful for the confidence the Supervisory Board has expressed in me. After working so many years with our colleagues and customers around the world, I’m looking forward to further build on our efforts to strengthen ING and enhance our position as one of Europe’s leading digital banks. I want to thank Ralph for his tireless commitment to ING and excellent cooperation in the past years on the Executive Board and wish him well for the future.”
Ralph Hamers said: “I congratulate Steven on his appointment. Having worked with him over many years I am convinced that he will sustain the steps we have taken to prepare ING for a digital and mobile future. Again I want to thank the many talented and dedicated colleagues and friends I have worked with over the past 29 years.”
The selection process for a new chief risk officer is underway. Until the appointment of a successor, Tanate Phutrakul, CFO of ING, will temporarily assume the responsibility for risk on the Executive Board. The day-to-day risk management activities will be performed ad interim by Karst Jan Wolters, currently chief risk officer of ING Wholesale Banking who will report to Tanate Phutrakul.
Since first joining ING in 1986, Karst Jan Wolters (Dutch, 1963) has held a range of front office and risk functions, including head of Global Credit Restructuring and global head of Credit & Trading Risk. In 2017 he was appointed as CRO of ING Wholesale Banking. During his career he also worked at Dutch bank NIB and as a financial economic expert at the Dutch national police. Further announcements on the CRO succession process will be made if and when appropriate.
Note for editors
A short interview with Steven van Rijswijk is available on ING.com. For further information on ING, please visit www.ing.com. Frequent news updates can be found in the Newsroom or via the @ING_news Twitter feed. Photos of ING operations, buildings and its executives are available for download at Flickr. ING presentations are available at SlideShare.
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