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August, 22
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Business Briefing
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ING DIRECT
Vaughn Richtor, Chief Executive Officer
Time:
12:00 PM
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2:00 PM
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Venue:
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Shangri-La Hotel Sydney
176 Cumberland Street
The Rocks
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ING Direct is the World's leading direct savings bank and is wholly owned by ING Group. Launching in 1999, ING Direct pioneered business banking in this country and quickly grew to become Australia's 5th largest mortgage lender.
Vaughn Richtor is CEO of ING Direct Australia (effective 1 August 2012). As a current member of the ING Direct Australia Board, Vaughn has an existing understanding of the bank’s operations and strategic direction.
Vaughn previously held the role of CEO of ING DIRECT Australia from 1995-2005, helping to establish the brand which became the country’s sixth largest retail bank in just 10 years.
A seasoned ING banker of almost 20 years, Vaughn has assumed numerous roles in various geographical locations. His current role is CEO, ING Banking Asia.
Previous to this, he was Managing Director and CEO of ING Vysya Bank where he spent three years working on the successful turnaround of the bank from 2006 – increasing the bank’s productivity and profitability significantly.
He joined ING in 1991 as Head of Corporate Banking at ING Bank in the UK. In 1993, he assumed the Deputy General Manager position and started the Dublin branch. Prior to joining ING, Vaughn spent five years at ABN Bank/AMRO in the UK, and held stints in his earlier career at the Sedgwick Group, Rank Xerox and SKF (UK).
Based in Sydney, Vaughn will continue to oversee ING retail banking in India, China and Thailand, in addition to his CEO position.
Currently, Vaughn is a member of the Board of Directors at ING Vysya Bank Limited, India, TMB Bank Public Company Limited, Thailand, ING Bank (Australia) Limited and KB Financial Group, Korea. He is also a member of ING Group Leadership Council & Management Council.
Vaughn holds a Bachelor degree (First Class Honours) in Business Studies from Southbank London and a Corporate Finance Diploma from the London Business School, U.K. He has also completed a General Management Programme Cedep & Management in International Banking Cedep at Insead, Fontainbleu, France.