Former Westpac CEO to join ING

The global bank said it proposed Ann Sherry based on her background in the finance sector and her knowledge and experience in both managing and supervising large international companies.

“With her successful track record, Ann Sherry will be a valuable addition to the supervisory board of ING,” it said.

Ms Sherry, who has been a director of ING Direct Australia since 2011, is also chairwoman of cruise ship operator Carnival Australia. She is a former CEO of Westpac New Zealand and Bank of Melbourne.

Before joining Westpac, Ms Sherry was first assistant secretary of the Office of the Status of Women, advising the prime minister on policies and programs to improve the status of women.

Ms Sherry was awarded an Order of Australia in 2004 for promoting corporate management policies and practices that addressed issues associated with gender, family life and social justice.

Commenting on her proposed appointment, Ms Sherry said she is delighted to be recommended by ING Group.

“The global banking industry is changing rapidly, with customers demanding more control and transparency with their financial relationships”, she said.

“Creating a differentiating customer experience is at the heart of ING Group’s strategy, and I believe my experience in both the banking and hospitality business will contribute to its success,”

The proposed appointment of Ms Sherry is subject to approval by the European Central Bank.

[Related: ING Direct CEO announces retirement]