ING Groep Announces Key Executive Leadership Changes, New Head of Wholesale Banking Appointed
Summary
ING Groep announced a leadership reshuffle, appointing Ljiljana Čortan as the new head of Wholesale Banking and initiating a search for a new Chief Risk Officer following her transition.
Key Events
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New Head of Wholesale Banking Appointed
Ljiljana Čortan, previously the Chief Risk Officer, has been appointed as the new head of ING Wholesale Banking, effective February 24, 2026.
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Head of Wholesale Banking Departs
Andrew Bester will step down from the Management Board Banking on February 24, 2026, to pursue a non-executive career in the UK.
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Interim Chief Risk Officer Arrangement
With Ljiljana Čortan's transition, the Chief Risk Officer position is temporarily overseen by the CFO, and Andrea Cesaroni has been appointed as interim head of risk.
Analysis
ING Groep is undergoing a significant leadership transition with Ljiljana Čortan, previously Chief Risk Officer, appointed as the new head of Wholesale Banking. This follows the planned departure of Andrew Bester, who is returning to the UK. The Chief Risk Officer role is now vacant, with the CFO temporarily overseeing risk management and an experienced interim head of risk appointed, ensuring continuity while a permanent successor is sought. These changes reflect a strategic reshuffling of key executive roles within the large financial institution, indicating a managed succession plan.
At the time of this filing, ING was trading at $30.20 on NYSE in the Finance sector, with a market capitalization of approximately $87.1B. The 52-week trading range was $16.22 to $31.18. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.