ING hires in investment banking and transaction services
Head of Wholesale Banking (WB) Andrew Bester sits down with Euromoney magazine to discuss ING’s growth ambition, global network of experts and sustainability.
Andrew Bester
The interview explores the challenges and opportunities that the highly competitive global wholesale banking sector faces. Building on its pioneering position in sustainable finance, ING aims to win new revenues and grow its capital markets and advisory capabilities to better support clients with mergers and acquisitions, as well as in debt and equity markets. By finding the right specialists around the world and positioning ING as the best European wholesale bank, we’ll be well positioned to make ambitious steps in the sector.
“As well as scaling up in Transaction Services and Financial Markets to help clients with hedging, you will see us bringing in around 100 Capital Markets and Advisory bankers to help boards of companies that are already our clients with merger and acquisition, debt capital markets and equity capital markets and acquisition financing.”- Head of Wholesale Banking Andrew Bester
Our sustainability ambition
The newly recruited bankers will join recently established sustainable value chain teams that focus on providing financial services and solutions to new value chains that will need to be built and expanded upon to support the sustainable transition.
ING is increasingly providing sustainable finance solutions to clients and has increased its target for sustainable volume mobilised to €150 billion by 2027. Meanwhile, the bank aims to triple financing for renewable energy by 2025 to €7.5 billion annually, up from €2.5 billion in 2022.
At ING we have the aspiration to become the best European wholesale bank. We define this by a high net promoter score, sustainability and digital leadership, being a leading employer and generating strong sustainable returns.