25 January 2022 – ING today announced that Darren Beatty has been appointed ING’s Head of Real Estate Finance (REF) Australia, with effect from 17 January 2022. Darren succeeds Wouter Mijnen, who returned to ING’s head office in Amsterdam following a successful five-year secondment in Australia.
Darren will report hierarchically to Margreet Rog-Stokkink, head of Wholesale Banking Australia (interim) and functionally to Robert Scholten, head of Real Estate Finance APAC.
A career banker with more than 20 years of experience, Darren has an established industry track record, successfully managing institutional and corporate real estate clientele across wide geographical spread in markets including Australia, New Zealand, Asia, North America and Europe. Darren joins ING from Westpac Institutional Bank, where he was senior director, Institutional Real Estate. Prior to joining Westpac in 2014, Darren was with the Institutional Banking and Markets team at Commonwealth Bank of Australia.
As head of Real Estate Finance Australia, Darren will be responsible for the further expansion of ING’s real estate franchise in Australia. He will also play a pivotal role in growing ING’s inbound and outbound business from Australia to the rest of the Asia Pacific and beyond.
Margreet said: “Being a major Australian lender and yet part of a truly global network, ING Australia has been for years uniquely positioned to support both domestic clients onshore, and in their expansion ambitions beyond Australia. Our extensive sector experience also means that we are a preferred partner for international institutional clients investing in the Australian commercial real estate market.”
Robert added: “Commercial Real Estate is a priority growth sector for us in Australia. Darren’s depth and breadth of international and domestic experience will no doubt be an asset to the further growth of our business in Australia, the broader APAC region and beyond.”
Photo caption: Darren Beatty, ING head of Real Estate Finance Australia.
Notes to editors
For more information please contact David.Breen@ing.com.au/ 0412 933 060
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ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 57,000 employees offer retail and wholesale banking services to customers in over 40 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). Sustainability forms an integral part of ING’s strategy, evidenced by ING’s leading position in sector benchmarks by Sustainalytics and MSCI. ING ranks first in our marketcap group by Sustainalytics as of July 2020. ING’s ESG rating by MSCI was upgraded to ‘AA’ in December 2020. ING Group shares are included in major sustainability and Environmental, Social and Governance (ESG) index products of leading providers STOXX, Morningstar and FTSE Russell. In January 2021, ING received an ESG evaluation score of 83 (‘strong’) from S&P Global Ratings. ING in Asia Pacific In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan, and Vietnam. ING offers both retail and wholesale banking services in Australia. The bank also started its digital banking platform in the Philippines in 2018. ING’s regional presence includes a 13% stake in Bank of Beijing, China and a 30% stake in TMB Bank, Thailand.
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