{"id":1950,"date":"2017-06-19T14:00:03","date_gmt":"2017-06-19T04:00:03","guid":{"rendered":"https:\/\/newsroom.ing.com.au\/?p=1950"},"modified":"2017-06-20T11:08:18","modified_gmt":"2017-06-20T01:08:18","slug":"ing-bank-appoints-rob-carnell-as-chief-economist-and-head-of-research-asia-pacific-tim-condon-to-retire","status":"publish","type":"post","link":"https:\/\/newsroom.ing.com.au\/ing-bank-appoints-rob-carnell-as-chief-economist-and-head-of-research-asia-pacific-tim-condon-to-retire\/","title":{"rendered":"ING Bank Appoints Rob Carnell as Chief Economist and Head of Research Asia-Pacific; Tim Condon to Retire"},"content":{"rendered":"<p><strong>19 June 2017:<\/strong> ING Bank today announced that effective 1 July 2017, Rob Carnell, currently ING\u2019s Chief International Economist, will succeed Tim Condon as Chief Economist and Head of Research Asia-Pacific, and relocate from London to Singapore.<\/p>\n<p>Rob Carnell joined ING in October 2004. Prior to his Asia Pacific role, he led the coverage of the US economy and covered Eurozone economics for ING financial markets. Rob and his multiple-award winning team were one of the first market economists to accurately forecast and time the US housing collapse that eventually led to the global financial crisis in 2008. They have also frequently ranked top of the Bloomberg surveys for the accuracy of their US GDP forecasts.<\/p>\n<p>In his new role, Rob will be responsible for heading Asia Pacific research management, covering the whole of Asia, Australia and New Zealand. He will functionally report to Mark Cliffe, Group Chief Economist.<br \/>\nTim Condon joined ING Barings in 1999 to head the bank\u2019s economic and financial markets research for Asia ex-Japan. He\u2019s retiring at the end of June after more than 18 years of dedicated service at ING in Hong Kong (until 2004) and Singapore.<\/p>\n<p>\u201cOver the years, our clients have highly appreciated Tim\u2019s strong views on political events and macro-trends in the region. We wish Tim all the best in his well-deserved retirement,\u201d said Gerrit Stoelinga, Head of ING Wholesale Banking Asia. \u201cWe are fortunate to have Rob as his successor.\u201d<\/p>\n<p>Mark Cliffe added: \u201cTim has been the face of ING for the best part of twenty years, and will be a tough act to follow. Rob will bring his own distinctive style to the analysis of an increasingly important region.\u201d<\/p>\n<p><strong>-ENDS-<\/strong><\/p>\n<p><strong>Press enquiries:<\/strong><br \/>\nSingapore, Sydney<br \/>\nEileen Lau<br \/>\nING Banking Asia<br \/>\n+65 6539 7725 \/ +65 8298 3208<br \/>\nEileen.lau@asia.ing.com<\/p>\n<p><strong>ING Profile<\/strong><br \/>\nING 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 52,000 employees offer retail and wholesale banking services to customers in over 40 countries.<br \/>\nING Group shares are listed (in the form of depositary receipts) on the exchanges of Amsterdam (INGA NA, ING.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).<br \/>\nSustainability forms an integral part of ING’s corporate strategy, which is evidenced by ING Group shares being included in the FTSE4Good index and in the Dow Jones Sustainability Index (Europe and World) where ING is among the leaders in the Banks industry group.<br \/>\nING Banking AsiaING Bank covers Wholesale, Retail and Direct Banking in Asia Pacific. Our wholesale banking business is present and active in 13 major economies in the Asia Pacific, namely Australia, China, Hong Kong SAR, Indonesia, Japan, Malaysia, Mongolia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam. ING\u2019s presence in Asia also includes a 13.6% stake in Bank of Beijing, China; a 3.9% stake in Kotak Mahindra Bank, India; a 30.0% stake in TMB Bank, Thailand; and a 100% stake in ING Direct in Australia.<\/p>\n<p><strong>Important legal information<\/strong><br \/>\nCertain of the statements contained in this document are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management\u2019s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation: (1) changes in general economic conditions, in particular economic conditions in ING\u2019s core markets, (2) changes in performance of financial markets, including developing markets, (3) consequences of a potential (partial) break-up of the euro, (4) ING\u2019s implementation of the restructuring plan as agreed with the European Commission, (5) changes in the availability of, and costs associated with, sources of liquidity such as interbank funding, as well as conditions in the credit markets generally, including changes in borrower and counterparty creditworthiness, (6) the frequency and severity of insured loss events, (7) changes affecting mortality and morbidity levels and trends, (8) changes affecting persistency levels, (9) changes affecting interest rate levels, (10) changes affecting currency exchange rates, (11) changes in investor, customer and policyholder behaviour, (12) changes in general competitive factors, (13) changes in laws and regulations, (14) changes in the policies of governments and\/or regulatory authorities, (15) conclusions with regard to purchase accounting assumptions and methodologies, (16) changes in ownership that could affect the future availability to us of net operating loss, net capital and built-in loss carry forwards, (17) changes in credit-ratings, (18) ING\u2019s ability to achieve projected operational synergies and (19) the other risks and uncertainties detailed in the risk factors section contained in the most recent annual report of ING Groep N.V.<br \/>\nAny forward-looking statements made by or on behalf of ING speak only as of the date they are made, and, ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. This document does not constitute an offer to sell, or a solicitation of an offer to buy, any securities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>19 June 2017: ING Bank today announced that effective 1 July 2017, Rob Carnell, currently ING\u2019s Chief International Economist, will succeed Tim Condon as Chief Economist and Head of Research Asia-Pacific, and relocate from London to Singapore. Rob Carnell joined ING in October 2004. Prior to his Asia Pacific role, he led the coverage of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1950","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"_links":{"self":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/1950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/comments?post=1950"}],"version-history":[{"count":2,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/1950\/revisions"}],"predecessor-version":[{"id":1953,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/posts\/1950\/revisions\/1953"}],"wp:attachment":[{"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/media?parent=1950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/categories?post=1950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsroom.ing.com.au\/wp-json\/wp\/v2\/tags?post=1950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}