ING posts record profit, announces new CEO
ING Australia has announced a record profit of $314 million for last year.
It has also unveiled a two-year $50 million transformation program to boost efficiency and service levels, and has named a new CEO to replace Paul Bedbrook.
Harry Stout, a US citizen who is currently ING’s Head of Wealth Management Market Segments in Pennsylvania, will take on the top job. He has 25 years’ experience working for US and international financial services companies.
Mr Bedbrook, who will finish up next month, says last year was “exceptional” for ING, with a full-year profit increase of 22%.
He says the new “Refresh” transformation program will help ING with the next stage of its growth strategy and revolutionise its e-business capability.
It has also unveiled a two-year $50 million transformation program to boost efficiency and service levels, and has named a new CEO to replace Paul Bedbrook.
Harry Stout, a US citizen who is currently ING’s Head of Wealth Management Market Segments in Pennsylvania, will take on the top job. He has 25 years’ experience working for US and international financial services companies.
Mr Bedbrook, who will finish up next month, says last year was “exceptional” for ING, with a full-year profit increase of 22%.
He says the new “Refresh” transformation program will help ING with the next stage of its growth strategy and revolutionise its e-business capability.