ING Direct appoints Melanie Evans as head of retail banking

Stocks and Financial Services Press Releases Monday January 16, 2017 16:57
The Asian Banker--16 Jan--Asian Banker

After six months in the top job, ING Direct chief executive Uday Sareen has made his first hire, bringing in Westpac veteran Melanie Evans, who will lead the lender's charge to take a bigger share of the retail banking market.

Ms Evans who joins after spending 16 years at Westpac and its funds management arm BT, will take on the newly-created position of head of retail banking.

The one time chief of staff to now Westpac CEO Brian Hartzer, Ms Evans has worked across retail banking, wealth, broking, mortgages, business transformation, marketing and strategy and was seen as "one to keep" during her time at Westpac.

Jumping ship to ING Direct, Ms Evans will now manage all of the online lender's consumer business and channels including deposits, mortgages, wealth management and consumer and business lending.

"I am delighted to have Melanie join our team. She's been a high achiever in Australian financial services and will be an asset to ING as we grow our business and scale digital capability across products and services," Mr Sareen said.

Since joining the Dutch-owned online lender's Australian arm as CEO in June 2016, Mr Sareen has indicated that he intends to grow the retail section of the bank beyond mortgages and home loans.
"We're really positioned to scale up our primary bank offering," he said last year.
Mr Sareen also plans to double the number of customers who see ING Direct as their main bank by offering more products, such as credit cards and home insurance.

Former CEO Vaughn Richtor retired last year after spending 24 years with the bank. He held the top job from the start of the business in Australia in 1998 until 2006 and again from 2012 until 2016. In between, Mr Richtor spent six years working at an ING subsidiary in India called ING Vysya, which is now called Kotak Mahindra Bank. Mr Sareen was a former deputy chief executive of ING Vysya

ING Direct, owned by Dutch bank ING Group, arrived in Australia around 18 years ago with the launch of a high-interest, fee-free online savings account. With more than 1.6 million customers the bank has a portfolio of $42 billion in retail mortgages and $36 billion in retail savings and has a market share of about 2.5 to 3 per cent

--www.theasianbanker.com (Jan 16, 2017)--.

Latest Press Release

Dorae Inc. Closes Capital Raising Round

Dorae Inc. has closed its first round of external capital raising, achieving a USD 24 million valuation in a process that was several times over-subscribed. Dorae is the leading distributed ledger technology company for raw materials. Ricardo Santos...

Photo Release: KBank offers customers to purchase mooncakes from leading brands via K PLUS

KBank welcomes the Chinese Mid-Autumn Festival by offering our customers to purchase premium mooncakes from 16 well-known brands at special prices via K+ market on K PLUS application. To place a purchase order, just press the Hot Promotions menu on the...

ADAB Solutions Launch the First Islamic Crypto Exchange (FICE)

UAE based ADAB Solutions company is launching the First Islamic Crypto Exchange (FICE), which is very unique, as it is the only Shariah compliant crypto exchange at this moment. (Logo: https://mma.prnewswire.com/media/732455/ADAB_Solutions_Logo.jpg...

InComm Celebrates 10 Years in the Asia-Pacific Region

InComm , a leading prepaid product and payments technology company, celebrates its 10th anniversary operating in the Asia-Pacific region this month. The company's first office in the region was launched in Japan in 2008. Today, InComm's presence in the...

Photo Release: SCB first in Thailand to launch the top up service with Lazada providing with special 100 baht bonus for 500 baht when top up in Lazada Wallet

In a bid to boost the e-commerce market, Siam Commercial Bank has teamed up with Lazada Co., Ltd. to offer increased online shopping convenience on digital platforms with a new service allowing shoppers to directly top up their Lazada Wallet from SCB...

Related Topics