Mike Rees - ING Group Independent Member of the Supervisory Board

ING Stock  USD 29.56  1.08  3.52%   

Executive

Mr. Mike Rees was appointed as Member of the Supervisory Board of the company, Effective April 23, 2019. Mike Rees is founder of Strategic Vitality Ltd., a UK based consultancy firm focused on corporate purpose, leadership challenges and advising technology startups and investment fund companies. Previously Mike Rees served for more than 25 years at Standard Chartered Bank in various positions including CEO Wholesale Banking. Lastly he served as deputy CEO of Standard Chartered Bank from 20142016. since 2019.
Age 63
Tenure 7 years
Address Bijlmerdreef 106, Amsterdam, Netherlands, 1102 CT
Phone31 20 563 9111
Webhttps://www.ing.com

ING Group Management Efficiency

The ING Group's current Return On Equity is estimated to increase to 0.13, while Return On Tangible Assets are projected to decrease to 0.01. At this time, ING Group's Intangible Assets are most likely to decrease significantly in the upcoming years. The ING Group's current Intangibles To Total Assets is estimated to increase to 0, while Other Assets are projected to decrease to roughly 615.1 B. ING Group's management efficiency ratios could be used to measure how well ING Group manages its routine affairs as well as how well it operates its assets and liabilities.
ING Group NV has 169.33 B in debt with debt to equity (D/E) ratio of 3.09, meaning that the company heavily relies on borrowing funds for operations. ING Group NV has a current ratio of 1.18, demonstrating that it may not be capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for ING to invest in growth at high rates of return.

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ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Germany, Poland, Rest of Europe, North America, Latin America, Asia, and Australia. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands. ING Groep operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 57000 people. ING Group NV (ING) is traded on New York Stock Exchange in USA and employs 60,000 people. ING Group is listed under Diversified Banks category by Fama And French industry classification.

Management Performance

ING Group NV Leadership Team

Elected by the shareholders, the ING Group's board of directors comprises two types of representatives: ING Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ING. The board's role is to monitor ING Group's management team and ensure that shareholders' interests are well served. ING Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ING Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
Michal Boleslawski, President Board
Cindy EldertKlep, Company Secretary
Margarete Haase, Independent Member of the Supervisory Board
Ljiljana Cortan, Chief Risk Officer, Member of the Management Board Banking, Member of the Executive Board
Erwin Olijslager, Principal Officer
Lodewijk Bergh, Independent Member of the Supervisory Board
J Colombas, Independent Member of the Supervisory Board
H Naus, Independent Member of the Supervisory Board
G Wijers, Independent Chairman of the Supervisory Board
Aris Bogdaneris, Member of the Management Board Banking, Head of Retail Banking, Head of Challengers & Growth Markets
Steven Rijswijk, Chairman of the Management Board Banking, Chief Executive Officer, Member of the Executive Board
BA BSc, Challengers Retail
A Rees, Independent Vice Chairman of the Supervisory Board
M Haase, Independent Member of the Supervisory Board
Andrew Bester, Member of the Management Board Banking, Head of Wholesale Banking
Hans Wijers, Independent Chairman of the Supervisory Board
M Gheorghe, Independent Member of the Supervisory Board
Lodewijk Hijmans, Member of the Supervisory Board
Ralph Hamers, Chairman of Executive Board, CEO, Chair of the Management Board Banking and CEO of Management Board Insurance Eurasia
Pinar Abay, Member of the Management Board Banking and Head of Market Leaders
Jan Balkenende, Independent Member of the Supervisory Board
H Hulst, Independent Member of the Supervisory Board
Mike Rees, Independent Member of the Supervisory Board
T Phutrakul, Chief Financial Officer, Member of the Management Board Banking, Member of the Executive Board
Ron Kemenade, Chief Technology Officer, Member of the Management Board Banking
Vroukje Slingeland, General MD
Harold Naus, Member of the Supervisory Board
HanTsung Ho, Executive Director
Peter Jong, Global Communications
Juan Colombas, Independent Member of the Supervisory Board
Rob Veldhuizen, Head Benelux
Marnix Stiphout, Chief Operations Officer, Chief Transformation Officer, Member of the Management Board
Mariana Gheorghe, Independent Member of the Supervisory Board
Herman Hulst, Member of the Supervisory Board
Sjoerd Miltenburg, Head Relations
Isabel Niemann, Member of the Management Board Banking, Head of Wholesale Banking
Tanate Phutrakul, Chief Financial Officer, Member of the Management Board Banking, Member of the Executive Board
Roel Louwhoff, Chief Operations Officer, Chief Transformation Officer, Member of the Management Board Banking
Hendrica Verhagen, Independent Member of the Supervisory Board
Daniele Tonella, CTO Member

ING Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is ING Group a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether ING Group NV is a strong investment it is important to analyze ING Group's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ING Group's future performance. For an informed investment choice regarding ING Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in ING Group NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Can Diversified Banks industry sustain growth momentum? Does ING have expansion opportunities? Factors like these will boost the valuation of ING Group. Market participants price ING higher when confident in its future expansion prospects. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating ING Group demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth
15.95
Dividend Share
1.086
Earnings Share
2.48
Revenue Per Share
7.281
Quarterly Revenue Growth
0.435
Understanding ING Group NV requires distinguishing between market price and book value, where the latter reflects ING's accounting equity. The concept of intrinsic value - what ING Group's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Market sentiment, economic cycles, and investor behavior can push ING Group's price substantially above or below its fundamental value.
Please note, there is a significant difference between ING Group's value and its price as these two are different measures arrived at by different means. Investors typically determine if ING Group is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, ING Group's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.