Powered by MOMENTUM MEDIA
subscribe to our newsletter

ING appoints new chair

The non-major has appointed the former chair of APRA to head up its board.

ING Australia has announced the appointment of John Laker AO as chair of its board, effective immediately.

Mr Laker replaces Michael Katz, who is retiring after over 10 years of service to the bank.  

The new chair first joined ING Australia in January 2019, where he has served as director of the bank’s board. 

Mr Laker holds over 45 years of experience in the financial services sector, which has included stints as chair of the Australian Prudential Regulation Authority (APRA) and assistant governor of the Reserve Bank of Australia (RBA).

Advertisement
Advertisement

The industry veteran has also held roles with the Commonwealth Treasury and the International Monetary Fund (IMF).

In addition to his new role at ING Australia, Mr Laker currently serves as chair of the board of the Banking and Finance Oath, deputy chancellor of the University of Technology Sydney, member of the experts panel of the IMF, and director of Cancer Council NSW and Cancer Council Australia.

Mr Laker was also a recipient of the Officer of the Order of Australia medal in 2008.

ING’s appointment is the latest of several senior leadership changes in the banking sector, the most notable of which was the resignation of former Westpac CEO Brian Hartzer and the early retirement of outgoing Westpac chairman Lindsay Maxsted in response to the opening of an AUSTRAC investigation into alleged breached of anti-money laundering laws. 

Earlier this month, MyState also announced that its CEO, Melos Sulicich, would step down from his role in July to move from Tasmania back to Sydney for personal reasons. 

PROMOTED CONTENT


Further, in December, Suncorp announced the appointment of Lee Hatton as the new chief executive of its banking and wealth division, replacing David Carter who resigned in October. 

[Related: Volt Bank welcomes international adviser]

ING appoints new chair
John Laker AO
mortgagebusiness

If you have ever considered how you could better service your SME clients but lack the knowledge or confidence to do this beyond referring them on, this is a must-attend event for you. Don't miss SME Broker Bootcamp, a jam-packed, free-to-attend, practical workshop. Register today and secure your place at this interactive, flexible, must-attend event.

Charbel Kadib

Charbel Kadib is the news editor on the mortgages titles at Momentum Media.

Before joining the team in 2017, Charbel completed internships with public relations agency Fifty Acres, and the Department of Communications and the Arts.

You can email Charbel on: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

Mortgage Business’ sister brand The Adviser’s Australian Broking Awards 2021 recognised the crème de la crème of the mortgage and fina...

Australian capital city dwelling prices will peak in the first half of 2022, according to a research firm, which has tipped further APRA int...

The Customer Owned Banking Association has welcomed moves for greater banking regulations, suggesting a regulatory initiatives grid could be...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.