Changes within ING Belgium SA/nv Executive Committee

PRESS RELEASE
Brussels, 1 October 2014

Emmanuel Verhoosel becomes Head of Commercial Banking (CB) and Tanate Phutrakul is the new Chief Financial Officer of ING Belgium SA/nv

Emmanuel Verhoosel and Tanate Phutrakul both have many years' experience in the world of finance, as well as within the ING Group itself. Respectively, they will take over from Rik Vandenberghe, who has managed the transition at the top of CB in conjunction with his role as CEO, and from Guy Beniada, who has held the post of CFO for the past eight years. Guy Beniada will be proposed as a member of the ING Belgium Board of Directors after a usual cooling off period.

In their new positions, Tanate Phutrakul and Emmanuel Verhoosel will sit on the Executive Committee of ING Belgium.

"The Executive Committee and I wish to convey our heartfelt thanks to Guy Beniada for his professionalism and for the contribution he has made to ING Belgium's success over many years. Additionally, we are delighted that we will very soon be able to welcome two new members to our Executive Committee. We are convinced that the experience gained by Emmanuel Verhoosel and Tanate Phutrakul during their careers, both inside and outside the ING Group, make them the preferred successors to take over the roles of Head of Commercial Banking and CFO respectively. We wish them the very best of luck with their new professional responsibilities," stresses Rik Vandenberghe, CEO of ING Belgium SA/nv.

Tanate Phutrakul (1965, Thaï) obtained a Master of Chemical Engineering from Imperial College London in 1984, and also achieved a Master of Business Administration from Harvard in 1991.

He then began his career with Finance One PLC in 1991. In 1998, he took up his first post within the ING Group as Managing Director of ING Barings Securities Thailand Limited. He left this post in 2003, first joining DBS Thai Danu Bank PLC as Managing Director, Commercial Banking Group, then moving to TMB Bank PLC as Co-Head, Corporate and Investment Banking Division, later becoming the bank's CFO.

In 2008, he rejoined the ING Group as Chief Financial Officer, Operations and IT Banking Division, becoming Chief Financial Officer, Retail Banking International, in 2012. He will move on from this role on 31 December 2014 to take up the reins as Chief Financial Officer of ING Belgium SA/nv. 

Emmanuel Verhoosel (1968, Belgian) graduated in law and political science from the Université Catholique de Louvain in 1991. He is holder of a Master of Laws from the London School of Economics and a Master in Finance from the London Business School.

He began his career with law firm Linklaters in 1992. He subsequently turned his focus to the financial sector in 1994, working for the Brussels and London offices of JPMorgan bank. He went on to leave the company in 2008 after a career path in various sectors of the investment bank (his last position was as Head of Real Estate Structured Finance for Continental Europe) in the United Kingdom. At this point, he joined the ING Group as Head of Real Estate Finance Americas, Western Europe and Structured Products for ING UK.

2012 marked his return to Belgium where he took up the role of Head of Commercial Banking and Corporate Clients for Continental Western Europe within the Commercial Banking department of ING Belgium SA/nv, a department he will head from 1 November this year. 

Composition of the Executive Committee of ING Belgium SA/nv from 1 January 2015

* Rik Vandenberghe, President and Chief Executive Officer
* Michael Jonker, Managing Director, Chief Risk Officer
* Tanate Phutrakul, Managing Director, Chief Financial Officer
* Colette Dierick, Managing Director, Head of Retail and Private Banking
* Emmanuel Verhoosel, Managing Director, Head of Commercial Banking (from 1 November 2014)
* Frank Stockx, Managing Director, Head of Products and Operations
* Johan Kestens, Managing Director, Head of Information and Technology Services

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More informations :
ING Belgium press office : + 32 2 547 24 84, pressoffice@ing.be