ING announces changes to Executive Board and Management Board Banking

Core Viewpoint - ING has announced the appointment of Ljiljana Čortan as the new head of Wholesale Banking, succeeding Andrew Bester, effective no later than April 2026, pending regulatory approval [1][4]. Group 1: Leadership Changes - Ljiljana Čortan, currently the Chief Risk Officer (CRO) and a member of both the Executive Board and Management Board Banking, will continue in her current roles until the transition [1][2]. - Andrew Bester, who has led Wholesale Banking for the past five years, will step down to return to the UK and begin a non-executive career phase [4]. Group 2: Background of New Leader - Ljiljana Čortan has over 25 years of international banking experience, including roles in risk, corporate banking, strategy, and business development [2]. - Prior to joining ING in 2021, she served as a member of the Management Board and CRO at HypoVereinsbank, a subsidiary of UniCredit Germany [2]. Group 3: Comments from Leadership - Steven van Rijswijk, CEO of ING, expressed confidence in Čortan's capabilities to lead Wholesale Banking, highlighting her strong execution and leadership track record [3]. - Čortan emphasized her commitment to realizing the full potential of the Wholesale Banking business and thanked Bester for his collaboration [3]. Group 4: Transition and Future Plans - The search for a successor to the CRO position has already begun, with announcements to follow in due course [4].