ING appoints James Haines as country manager for Japan

TOKYO,Dec. 11,2024 -- ING is pleased to announce the appointment of James Haines as the new country manager for Japan. With over 25 years of experience in the Japanese market,James will lead ING Japan's business with a continued focus on strengthening client relationships and driving growth in the region.


James brings extensive expertise in banking and financial services,combined with deep local market knowledge. Most recently,he served as General Manager and Deputy Group Head at Aozora Bank,Ltd.,where he led the bank's ex-Japan real estate activities and managed relationships with global real estate lenders and investment firms. Prior to that,James held senior leadership roles at Bank of America,including as Chief Operations Officer for Global Corporate & Investment Banking in Japan and Co-Head of Corporate Credit Risk in Japan. He was also involved in origination and risk management at Shinsei Bank. James started his career in sales and marketing at Hakuto Co.,a Tokyo-based technology trading company.

James succeeds Riko Kikuchi,who served as country manager for the past three years. During her tenure,ING Japan enhanced its offerings and positioned itself for future growth.

Commenting on the appointment,Uday Sareen,chief executive and head of ING Wholesale Banking for Asia Pacific,said: "James' strong understanding of the Japanese market,paired with his extensive experience in corporate banking and ability to build relationships across diverse industries,will be instrumental as we look to further enhance our presence and deliver value to clients in the region. At the same time,I would like to express our gratitude to Riko for her contributions and wish her every success in her future endeavours."

James holds a BA from Amherst College,an MA from Columbia University,and an MBA from Duke University's Fuqua School of Business.

About ING

ING is a global financial institution with a strong European base,offering banking services through its operating company ING Bank. The purpose of ING Bank is to empower people to stay a step ahead in life and in business. ING Bank's more than 60,000 employees offer retail and wholesale banking services to customers in over 40 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA,INGA.AS),Brussels and on the New York Stock Exchange (ADRs: ING US,ING.N).

Sustainability is an integral part of ING's strategy,evidenced by ING's leading position in sector benchmarks. ING's Environmental,Social and Governance (ESG) rating by MSCI was affirmed 'AA' in July 2023. As of December 2023,Sustainalytics considers ING's management of ESG material risk to be 'strong'. ING Group shares are also included in major sustainability and ESG index products of leading providers Euronext,STOXX,Morningstar and FTSE Russell.

Society is transitioning to a low-carbon economy. So are our clients,and so is ING. We finance a lot of sustainable activities,but we still finance more that's not. Follow our progress on ing.com/climate.

ING in Asia Pacific

In Asia Pacific,ING offers wholesale banking across 11 markets,namely Australia,China,Hong Kong SAR,India,Indonesia,Japan,the Philippines,Singapore,South Korea,Taiwan region and Vietnam.

ING offers both retail and wholesale banking services in Australia. ING's regional presence includes a 13% stake in Bank of Beijing,China and a 23% stake in TMBThanachart Bank in Thailand.

IMPORTANT LEGAL INFORMATION

Elements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/ 2014.Projects may be subject to regulatory approvals.

Certain of the statements contained herein are not historical facts,including,without limitation,certain statements made of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results,performance or events to differ materially from those expressed or implied in such statements. Actual results,performance or events may differ materially from those in such statements due to a number of factors,without limitation: (1) changes in general economic conditions,in particular economic conditions in ING's core markets,(2) changes in performance of financial markets,including developing markets,(3) potential consequences of European Union countries leaving the European Union or a break-up of the euro,(4) changes in the availability of,and costs associated with,sources of liquidity such as interbank funding,as well as conditions in the credit and capital markets generally,including changes in borrower and counterparty creditworthiness,(5) changes affecting interest rate levels,(6) changes affecting currency exchange rates,(7) changes in investor and customer behaviour,(8) changes in general competitive factors,(9) changes in laws and regulations and the interpretation and application thereof,(10) geopolitical risks and policies and actions of governmental and regulatory authorities,(11) changes in standards and interpretations under International Financial Reporting Standards (IFRS) and the application thereof,(12) conclusions with regard to purchase accounting assumptions and methodologies,and other changes in accounting assumptions and methodologies including changes in valuation of issued securities and credit market exposure,(13) changes in ownership that could affect the future availability to us of net operating loss,net capital and built-in loss carry forwards,(14) changes in credit ratings,(15) the outcome of current and future legal and regulatory proceedings,(16) operational risks,such as system disruptions or failures,breaches of security,cyber attacks,human error,changes in operational practices or inadequate controls including in respect of third parties with which we do business,(17) the inability to protect our intellectual property and infringement claims by third parties,(18) the inability to retain key personnel,(19) business,operational,regulatory,reputation and other risks in connection with climate change,(20) ING's ability to achieve its strategy,including projected operational synergies and cost-saving programmes and (21) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING's more recent disclosures,including press releases,which are available on www.ING.com. Many of those factors are beyond ING's control.

Any forward looking statements made by or on behalf of ING speak only as of the date they are made,and ING assumes no obligation to publicly update or revise any forward-looking statements,whether as a result of new information or for any other reason.

This document does not constitute an offer to sell,or a solicitation of an offer to purchase,any securities in the United States or any other jurisdiction.


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