Dutch bank ING names former trainee as new IR head

Amsterdam banking giant ING has named a veteran banker as its new head of investor relations.

Sjoerd Miltenburg, who began his career as an ING trainee in 2007, moves into IR from a position as global head of compliance people and functional processes –part of ING’s risk department.

During his 14 years at ING, Miltenburg has held a number of senior management roles within wholesale banking, where he began his career, including as head of capital structuring & advisory for Asia Pacific in Singapore. Since 2019, he has been responsible for managing the organizational development of ING’s global compliance function.

As head of IR, Miltenburg will report directly to Tanate Phutrakul, ING’s CFO.

‘Sjoerd’s experience of working with our wholesale banking clients will be of great value in communicating with our investors,’ says Phutrakul in a statement announcing Miltenburg‘a new position. ‘His years in compliance have given him the necessary insight into the increasing regulatory demands on banks, while at the same time delivering value for our shareholders and strengthening our reputation as a leading European universal bank,’ adds Phutrakul.

The bank’s CFO also took the opportunity to thank the outgoing head of IR Mark Milders, who was made responsible for the ING’s wholesale banking activities in the Netherlands on 1 October.

Talking about Milders’ ‘significant contributions’ running IR for the bank, during a six-year period marked by ‘several unprecedented events that affected the entire economy,’ Phutrakul says: ‘Despite this dynamic environment, Mark was instrumental in building ING’s reputation as a compelling investment.’