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John Hele to leave ING as of 31 March 2009


Amsterdam, John Hele, Chief Financial Officer, will leave ING as of 31 March 2009. He has decided to relocate to the United States for family reasons and pursue his career outside ING.

John Hele will remain as member of the Executive Board and Chief Financial Officer of ING Group until the end of March 2009 in order to complete the annual accounts and filings for the financial year 2008.

Starting 1 April 2009 John Hele will join Arch Capital Group Ltd as Executive Vice-President and Chief Financial Officer. Arch Capital Group Ltd writes property & casualty insurance and reinsurance on a worldwide basis and is listed on the Nasdaq in New York.

John Hele joined ING Group in 2003 as Chief Insurance Risk Officer and was appointed as member of the Executive Board and Chief Financial Officer per 24 April 2007.

Michel Tilmant, Chairman of the Executive Board of ING Group, said: “Although I regret that John Hele will be leaving ING in 2009, I respect his decision to pursue his career outside ING in the United States for family reasons. John is of great value in managing ING’s financials in these turbulent times. He is a highly respected professional as evidenced by his commitment to stay on until completion of the 2008 annual accounts.”

Profile ING

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 130,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.


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