ING Direct 2015 Annual Report Download - page 17

Contents
Who we are
Report of the
Management
Board
Corporate
Governance
Consolidated
annual accounts
Parent company
annual accounts
Other
information
Additional
information
Corporate Governance - continued
J.V. (Koos) Timmermans, member and vice-
chairman Management Board
(Born 1960, Dutch nationality, male, appointed in 2011)
Koos Timmermans was appointed vice-chairman of the
Management Board Banking as of 1 October 2011. From 1
October 2014, Koos Timmermans has, in addition to his
current tasks which include aligning ING Bank’s activities and
balance sheet with new and upcoming regulation, also
assumed responsibilities for the Bank’s operations in the
Benelux and ING’s sustainability department.
Ancillary positions pursuant to CRD IV:
Member of the Management Board of ING Bank N.V. and of
ING Support Holding B.V. and member of the
Supervisory Board of ING Belgium N.V./S.A.
Other relevant ancillary positions:
Member of Management Board of VNO-NCW.
Member of the Management Board of the Nederlandse
Vereniging van Banken (NVB).
Member of the Supervisory Board Stadsherstel Amsterdam
N.V.
P.G. (Patrick) Flynn, member and CFO Management
Board
(Born 1960, Irish nationality, male; appointed in 2009)
Patrick Flynn was appointed a member and CFO of the
Executive Board of ING Group and a member and CFO of the
Management Board Banking on 27 April 2009. He is
responsible for all of ING’s finance departments, including ING
Tax, Capital Management, Investor Relations and Group
Acquisitions & Divestments. Before joining ING he was Chief
Financial Officer Insurance, HSBC Insurance Holdings Ltd.
Ancillary positions pursuant to CRD IV:
Member and CFO of the Management Board of ING Bank N.V.
and the Executive Board of ING Groep N.V.
W.F. (Wilfred) Nagel, member and CRO Management
Board
(Born 1956, Dutch nationality, male; appointed in 2012)
Wilfred Nagel became a member and CRO of the
Management Board Banking on 5 October 2011. Wilfred Nagel
was appointed a member of the Executive Board of ING Group
on 14 May 2012. He is responsible for all of ING’s risk
management departments,
including Compliance Risk
Management
.
Ancillary positions pursuant to CRD IV:
Member and CRO of the Management Board of ING Bank N.V.
and the Executive Board of ING Groep N.V.
A. (Aris) Bogdaneris, member and head of
Challengers & Growth Markets
(Born 1963, Canadian nationality, male, appointed in 2015)
Aris Bogdaneris was appointed a member of to the
Management Board Banking on 1 June 2015. He is also head
of Challengers & Growth Markets, responsible for all markets
where ING is active in both retail and wholesale banking
outside the Benelux.
Prior to this appointment, Aris Bogdaneris was a member of
the Management Board responsible for Retail Banking at
Raiffeisen Bank International as well as Chief Operating Officer
overseeing Information Technology and Operations/Shared
Service Centers.
Ancillary positions pursuant to CRD IV:
Member of the Management Board of ING Bank N.V. and of
ING Bank (Australia) Ltd.
W.L.A. (Bill) Connelly, member and head of
Wholesale Banking
(Born 1958, French nationality, male, appointed in 2011)
Bill Connelly was appointed to the Management Board
Banking as from 1 January 2011. He is also head of Wholesale
Banking. Prior to this appointment, Bill Connelly combined the
roles of global head of Wholesale Banking Services and CEO of
ING Real Estate Investment Management.
Ancillary position pursuant to CRD IV:
Member of the Management Board of ING Bank N.V.
R.M.M. (Roel) Louwhoff, member and COO
Management Board
(Born 1965, Dutch nationality, male, appointed in 2014)
Roel Louwhoff was appointed a member of the Management
Board Banking on 1 May 2014. He is also chief operations
officer (COO) and has global responsibility for Operations & IT,
change management and procurement at ING Bank. Prior to
this appointment, Roel Louwhoff was CEO of BT Operate.
Ancillary position pursuant to CRD IV:
Member and COO of the Management Board of ING Bank N.V.
Other relevant ancillary positions:
Member of the Advisory Board of Rijksuniversiteit Groningen.
Member of the Advisory Board of Fanfiber.
Member of the Advisory Board of Quitop.
Supervisory Board
ING Group needs to balance several relevant selection criteria
when composing its Supervisory Board but strives for an
adequate and balanced composition thereof, by taking into
account all relevant selection criteria including, but not limited
to experience in retail and wholesale banking, gender balance,
executive experience, experience in corporate governance
and experience in the political and social environment.
Annually, the Nomination Committee assesses the
composition of the Supervisory Board. In the context of such
assessment, ING Group aims to have a gender balance by
having at least 30% men and at least 30% women amongst
its Supervisory Board members. After the appointment of
Mariana Gheorghe at the Annual General Meeting in May
2015, the composition of the Supervisory Board met the
above-mentioned gender balance (33% women). However,
after Carin Gorter stepped down in September 2015, this
gender balance was no longer met.
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