ING to Appoint Lloyd's COO to Supervisory Board

By Sabela Ojea

ING Groep NV said Monday that it will propose the appointment of Juan Colombas, chief operating officer of Lloyds Banking Group PLC, along with Herman Hulst and Harold Naus, to the supervisory board of the bank at its next annual general meeting.

The Dutch bank said Mr. Colombas will retire in July from his role at Lloyds, the British bank in which he also served as chief risk officer from 2011 to 2017. His appointment would be effective from Oct. 1, ING said, but still needs to get the approval of the European Central Bank.

The lender added that Mr. Hulst has extensive experience at Ernst & Young Global Ltd. and Mr. Naus is the current chief executive of Cardano Risk Management and chief financial officer of Cardano Group.

Both appointments would be effective as of the end of the annual general meeting on April 28, ING added, noting that the bank already has the European Central Bank's approval.

In addition, both Eric Boyer de la Giroday and Hermann-Josef Lamberti will step down from the supervisory board for "personal reasons."

Write to Sabela Ojea at [e-mail]; @sabelaojeaguix

(END) Dow Jones Newswires

March 16, 2020 08:45 ET (12:45 GMT)

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