ING Secures Marnix van Stiphout as COO and CTO

ING announced that it has secured Marnix van Stiphout as its Chief Operations Officer (COO), Chief Transformation Officer (CTO) and is a member of the Management Board Banking, effective from 1 September 2021.

According to an official press release shared with Finance Magnates, Marnix van Stiphout, a Dutch financial veteran with more than twenty years of experience, has been appointed by ING, a Dutch multinational banking and financial services corporation headquartered in Amsterdam, as its COO, CTO and is a member of the Management Board Banking.

Van Stiphout will succeed Roel Louwhoff, who stepped down from the Management Board Banking on 1 August 2021. Also, Van Stiphout brings broad banking experience with extensive expertise in operations and transformation programmes across Wholesale and Retail Banking. Further, he is proficient in orchestrating, streamlining and improving global and local processes, including for Know Your Customer (KYC) Know Your Customer (KYC) Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Know Your Customer (KYC) is the process via which the broker is verifying the true identity of its clients in order to comply with multiple regulations. KYC is used to assess the suitability of customers when it comes to anti-money laundering regulations, any type of financial fraud and determining whether they are potentially risky for the brokerage.In particular, KYC guidelines in financial services mandate that individuals make a cohesive effort to verify the identity, suitability, and risks Read this Term).

Turning Back to Look at Van Stiphout’s Career

Prior to the announcement, Van Stiphout has been serving ING as its COO of Retail Banking since last October. Before this, he took on the role of COO of Wholesale Banking. For almost eight years he was responsible for the day-to-day operations and global transformation. This included simplifying the organisation and applying technology in the design and implementation of a cross-border customer experience.

Back in late 2012, ING Bank recruited him as Global Head Commercial Banking Value Chains / Head of Financial Markets Netherlands. He took on the challenges of the role over the next nine years accomplishing many targets.

Originally, Van Stiphout’s career began at ING in 1998 where he spent the next fourteen years. He started in Global Equity Markets Sales and Research in London. Then, in 2008, he became the Global Head of Value Chain Management for ING Financial Markets.

Other members of ING’s Management Board Banking from 1 September 2021 include the following members: Chief Executive Officer Steven van Rijswijk, Chief Financial Officer Tanate Phutrakul, Chief Risk Officer Ljiljana Čortan, Head of Market Leaders Pinar Abay, Head of Wholesale Banking Andrew Bester, Head of Retail and Head of Challenger & Growth Markets Aris Bogdaneris, and Chief Technology Officer Ron van Kemenade.