Ralph Hamers

Ralph Adrianus Joseph Gerardus Hamers (born 25 May 1966) is a Dutch businessman who has been the chief executive officer (CEO) of Dutch bank ING Group since October 2013. He is slated to succeed Sergio Ermotti as the incoming CEO of Swiss investment bank UBS Group AG on 1 November 2020.

Ralph Hamers
Hamers in 2015
Born
Ralph Adrianus Joseph Gerardus Hamers[1]

(1966-05-25) 25 May 1966[2]
Simpelveld, Netherlands[2]
NationalityDutch
EducationTilburg University
OccupationCEO, ING Group
Spouse(s)Married
Children2

Early life

Ralph Hamers was born on 25 May 1966.[2][3] He has a master's degree in business econometrics/operations research from Tilburg University.[3][1]

Career

Hamers joined ING in 1991.[3]

Hamers has been the CEO of ING since 1 October 2013.[4][5] During his time as CEO, he steered the bank to profitability while repaying the Dutch government money it received during the financial crisis. Also under his leadership, ING invested heavily in its digital transformation, relying far more on its online offering and less on its branch network than most rivals, leading to the bank having one of the lowest cost-to-revenue ratios in Europe at the time.[6]

In 2018, there was an uproar in the Netherlands following a proposal to raise Hamers' yearly salary from 1.6 million euro to 3 million euro.[7] Following the uproar, the Board withdrew the offer, leaving his salary unchanged.

In February 2020, Swiss-based multinational bank UBS announced that Hamers would be succeeding Sergio Ermotti as CEO on 1 November.[8][9][10]

Other activities

Personal life

Hamers is married, with twins.[12]

References
  1. "Ralph Adrianus Joseph Gerardus HAMERS - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 10 March 2018.
  2. Ron Kosterman, As CEO, you need to show your vulnerable side too, Elsevier 21/28 December 2013
  3. "R.A.J.G. (Ralph) Hahmers". ING. Retrieved 1 August 2015.
  4. "Executive Profile* Ralph A. J. G. Hamers". Bloomberg. Retrieved 31 July 2015.
  5. Straight Talk with Ralph Hamers, CEO ING Group. ING (News and Politics). 1 October 2013. Retrieved 7 December 2019.
  6. Michael Shields and Bart H. Meijer (February 19, 2020), Switzerland's UBS starts new chapter with Dutch tech innovator as chief Reuters.
  7. Increase salary Dutch ING CEO, Dutch news, March 8, 2018.
  8. Morris, Stephen; Megaw, Nicholas; Smith, Robert. "UBS names ING's Ralph Hamers as next chief executive". Financial Times. Retrieved 20 February 2020.
  9. "Ralph Hamers to leave ING". ING.com. Retrieved 20 February 2020.
  10. Patrick, Margot (20 February 2020). "UBS Puts Digital First With New Tech-Savvy CEO". Wall Street Journal. ISSN 0099-9660. Retrieved 24 February 2020.
  11. Board Institute of International Finance (IIF).
  12. ING.com (30 December 2013). "CEO Ralph Hamers featured in Elsevier".

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