4 years, 10 months ago
ING CEO Ralph Hamers named new boss at UBS
NL TimesAfter more than 28 years, Ralph Hamers is leaving ING. The 53-year-old CEO of one of the Netherlands' largest banks was named the new chairman of the board of Switzerland's largest bank UBS. Hamers, who has been CEO of ING since 2013, will be taking over from Sergio Ermotti at UBS, NOS reports. And last year a French court convicted the bank of facilitating tax evasion and money laundering by letting French customers store their assets in Swiss accounts, out of sight of the French authorities. In the same year, ING made a settlement with the Public Prosecution Service in which the bank had to pay 775 million euros for doing too little to fight money laundering.
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