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

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

Citi is to exit its consumer business, including mortgages, loans, retail banking and credit card operations, in Australia and 12 other ...

The major bank’s CEO has reiterated that responsible lending changes could simplify the lender’s processes and improve mortgage approv...

The non-major has reported growth in housing lending as well as a rise in home loan settlements via the broker channel. ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: Tackling the home deposit challenge

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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