Fred von Dewall (60) will retire as General Manager and Chief Economist of ING Group as of 1 January 2006 after a career of more than 25 years at ING. He joined NMB Bank from the Dutch Central Bank in 1980, becoming head of Macroeconomics of Marketing and Planning. He has been General Manager and Chief Economist since 1983. After his retirement, Fred von Dewall will continue to hold a number of high-profile external positions, including Chairman of the TechnologyRating Institute.
Mark Cliffe (46) has been appointed to succeed Fred von Dewall as Chief Economist of ING Group from 1 January. He will also continue in his current role as Global Head of Research at ING Wholesale Banking's Financial Markets division. The Economics Department in Amsterdam will be transferred to ING Wholesale Banking with a view to closer integration with the Financial Markets research team.
Mark Cliffe joined ING in 1998 from HSBC where he was Chief International Economist for HSBC Markets. Prior to joining HSBC in 1994, he was Chief Economist for Nomura Research Institute Europe. In addition, Mark Cliffe was also previously Chairman of the high profile Ernst & Young ITEM Club.
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Press enquiries:
Debbie Brand, ING Group, the Netherlands +31 20 541 6526, debbie.brand@ing.com
Jon Tracey, ING Wholesale Banking, UK, +44 20 7767 6373, jonathan.tracey@uk.ing.com |
ING is a global financial institution of Dutch origin offering banking, insurance and asset
management to over 60 million private, corporate and institutional clients in over 50 countries.
With a diverse workforce of about 114,000 people, ING comprises a broad spectrum of
prominent companies that increasingly serve their clients under the ING brand.
