ING Appoint Chief Risk Operator

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ING has announced the appointment of Doug Caldwell as Member of the Management Board Insurance EurAsia (MBE) and Chief Risk Officer (CRO) Insurance/IM EurAsia as of 1 December 2012.

Within the MBE, Caldwell will be responsible for all operational and business-related aspects of Risk Management for Insurance/IM Eurasia.

Caldwell has extensive international experience and expertise in the field of risk management. Since joining ING in 1999, Caldwell held several senior management positions including Vice President Financial Reporting and Control for ING Re Individual Life in Denver, Head of ING Group Corporate Insurance Risk Management in Amsterdam, Head of Asset Liability and Capital Management for ING Insurance US and Chief Risk Officer for ING Insurance Asia Pacific in Hong Kong.

Before joining ING, Caldwell held various actuarial positions with ARM Financial Group and Ernst&Young. Caldwell has a degree in Mathematics from Auburn University, is a Fellow of the Society of Actuaries, and is a Chartered Enterprise Risk Analyst.

Jan Hommen, CEO of ING Group said: 'We are very pleased to welcome Doug in our team. His strong qualities in risk management and long international career will be of great value in preparing our European insurance and investment management operations for the base case of an IPO'.

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