ING Appoints Bob Bakker as Director of Investor Relations
ING announced on Thursday the appointment of Bob Bakker as the Director of Investor Relations, succeeding Sjoerd Miltenburg who will now lead the Wholesale Banking sector in the Netherlands.
An Internal Promotion to Strengthen Financial Communication
Since 2019, Bob Bakker has served as a Senior Investor Relations Officer within the Dutch group's investor relations team. During this time, he contributed to shaping ING's financial communication strategy and strengthening ties with institutional investors, analysts, and rating agencies. He also advised the executive management committee on stock valuation and shareholder engagement. Prior to this role, Bakker held various leadership positions in finance, including Director of Finance Business Partnering at ING Bank Romania and Director of Finance Management Information & Advice at the group level.
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Bob Bakker will report directly to Ida Lerner, ING's Chief Financial Officer. According to her, Bakker has proven expertise in investor relations and a deep understanding of the group's strategy and performance. She also praised the contributions of Sjoerd Miltenburg, who has been instrumental in communicating the 'Cultivating Difference' strategy to the financial markets over the past years.
« Based on current assumptions and scenarios, we confirm our outlook for 2026. Total income is expected to exceed €24.5 billion, including approximately €5 billion in fee income. » ; « we remain well on track to deliver on our outlook for 2026 »
Risks mentioned
Lower other income reflecting effects from heightened interest rate volatility, expected to reverse over time
Risk costs affected by a management overlay alongside continuing geopolitical uncertainty and volatility
Consumer and corporate confidence under pressure from geopolitical uncertainty and macroeconomic headwinds
Opportunities identified
Mobile primary customer base increases by 259,000 in Q3 with strong contributions from Germany, Netherlands and Romania
Net core lending growth of €11.0 billion and net core deposit growth of €12.1 billion demonstrate strong commercial momentum
Assets under management & e-brokerage increased €6.7 billion to €328 billion, up 22% year-on-year
Outlook / guidance
Management commentary: we remain well on track to deliver on our outlook for 2026
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.