ING Groep NV Announces Transformation Program at Insurance/Investment Management Europe

Wednesday, 13 Mar 2013 02:57am EDT 

ING Groep NV announced a number of changes in the governance of Insurance/Investment Management Europe. In this context, the regional headquarters for Insurance Benelux and Insurance Central & Rest of Europe (CRE) will be combined into one head office for the European Insurance and Investment Management businesses with support staff for all business units. There will be separate reporting lines for the Dutch Nationale-Nederlanden business units as well as for the international insurance businesses and ING Investment Management International. The CEOs of the Nationale-Nederlanden business units, Nationale-Nederlanden Life, Nationale-Nederlanden Non Life and Nationale-Nederlanden Bank will report directly to Lard Friese, in his capacity as Member of the Management Board Insurance EurAsia and responsible for the Insurance businesses in Europe. David Knibbe, CEO of CRE, will assume responsibility for Insurance International and will add Insurance Luxembourg and Insurance Belgium to his responsibilities. David Knibbe will continue to report to Lard Friese. Tom Kliphuis, CEO of Insurance Benelux and CEO of Nationale-Nederlanden has decided to step down as of April 1, 2013. 

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