BusinessCompany NewsHele, ING Group CFO, quits

Hele, ING Group CFO, quits

Hele, ING Group CFO, quits to relocate to the US ‘for family reasons’ and to start in another job

ING
Group
announced yesterday that John Hele, its chief financial officer, will
leave the company effective from 31 March, 2009, for ‘family reasons’ and to
pursue a career outside ING.

The announcement came the same week as credit-market losses drove shares of
the ING Group, the Netherlands’ biggest financial-services company, to a 13-year
low, prompting the Dutch government to give it a lifeline by buying non-voting
preferred shares for €10bn (?8bn).

While the Government appoints two representatives to the ING board, Hele will
remain a board member and CFO until the end of March 2009 when he has completed
the annual accounts and filings for the 2007-08 financial year.

Starting 1 April, 2009, Hele will join Arch Capital Group Ltd as executive
vice-president and CFO. Arch Capital Group writes property and casualty
insurance and reinsurance on a worldwide basis and is listed on the Nasdaq in
New York.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3d Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

4m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

4m Alia Shoaib, Reporter
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

8m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

8m Emma Smith, Managing Editor
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

7m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

7m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

7m Emma Smith, Managing Editor