Executive Board and Management Board Banking

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The Executive Board (EB) is responsible for the long-term strategy of ING Groep N.V.
It consists of the chief executive officer (CEO), chief financial officer (CFO) and chief risk officer (CRO).

The Management Board Banking (MBB) is responsible for the day-to-day management of ING's business.

ING aims to ensure that the boards are – at all times – adequately composed to perform their duties.

Below are the members of the EB and MBB and more information like the charter, the diversity & competence matrix, EB's profile, terms of employment and remuneration.

Steven van Rijswijk

CEO | chairperson EB and MBB

Tanate Phutrakul

CFO | member EB and MBB

Ljiljana Čortan

CRO | member EB and MBB

Pinar Abay

Head of Retail, Market Leaders and Challengers & Growth Markets | member MBB

Andrew Bester

Head of Wholesale Banking | member MBB

Marnix van Stiphout

Chief operations officer, chief transformation officer (COO), chief technology officer (CTO) a.i. | member MBB

Charter and diversity & competence matrix

Charter EB and MBB
With the approval of the Supervisory Board (SB), the EB and the MBB have drawn up a charter which includes its duties, powers and working methods and information on its relationships with the SB, the shareholders and depositary receipt holders, the external auditor and the works councils.

Also view the diversity and competence matrix.

EB's profile, terms of employment and remuneration

The SB has adopted a profile for the EB which includes the basic principles for its composition.

Terms of employment
Under the Dutch Corporate Governance Code, the main elements of the employment contract of EB members with the company are required to be made public once the contract has been concluded, and in any event no later than the date of the notice convening the annual general meeting at which the appointment of the EB member is proposed. Read more in the material elements of the remuneration and benefits of the EB members

ING’s remuneration principles aim to maintain a sustainable balance between short and long-term value creation and builds on ING’s long-term responsibility towards customers, society and other stakeholders. Shareholders at the 2020 AGM approved new remuneration policies for members of the EB and the SB. These came into effect retrospectively from 1 January 2020. The annual report includes detailed information on the remuneration.

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