She is succeeding Andrew Bester, who, as announced last October, is returning to the UK to start the non‑executive phase of his career. Having completed the handover of the Wholesale Banking activities, Andrew will step down from the Management Board Banking on 24 February.
“I would like to thank Andrew for his contributions and leadership during the last five years, significantly strengthening the foundations and positioning our wholesale bank well for further growth over the coming years,” said ING’s chief executive officer Steven van Rijswijk. “I have full confidence that Ljiljana will continue to build on this momentum and wish her well in her new role.”
As of 24 February, Ljiljana will leave her position as chief risk officer (CRO), which she assumed in 2021. The selection process for our new CRO is underway. Until a successor is appointed, Ljiljana will remain a member of the Executive Board, with our chief financial officer (CFO) temporarily assuming responsibility for risk on the Executive Board. Andrea Cesaroni, currently head of Integrated Risk, will take on the day-to-day risk management activities ad interim. He will report to the CFO in the ad interim role.
Andrea has over 25 years of experience in financial services and risk management. He joined ING in July 2022 and was appointed to his current role, responsible for risk management policies, frameworks and governance, including ESG risk, risk modelling and capital adequacy assessment. He joined ING from UniCredit, where among other roles he was head of Group Financial Risk and later he was head of Group Risk Models & Credit Risk Governance. Before joining UniCredit he was a consultant at Deloitte and Arthur Andersen.
Ljiljana’s appointment as head of Wholesale Banking has been approved by the European Central Bank. Further announcements about her successor will made in due course.