ING has brought all its investment expertise together in a newly established Global Investment Centre, effective 1 September. The unit is headed by Chris van Schuppen, who until this summer held senior roles at ABN Amro.
The bank announced the move on Thursday. The investment offices of ING in the Netherlands, Belgium and Luxembourg, together with Luxembourg-based ING Solutions Investment Management (ISIM), have been integrated under a single global structure. The aim, according to the press release, is to “consolidate and enhance” the group’s investment capabilities.
The creation of the Global Investment Centre supports ING’s strategy to position Private Banking Wealth Management & Investments as a third pillar within the retail division. The new centre is expected to deliver “a consistent and high-quality investment offering across all markets,” built on a uniform global philosophy while also accommodating local client needs.
‘Global reach, local knowledge’
“With this step, we are combining global reach with local knowledge,” said Anneka Treon, global head of Private Banking Wealth Management & Investments, in a statement.
Investment solutions developed within the centre will be available to clients across all countries and segments. According to the bank, the combined platform will cover more than 250 billion euro in assets under management and e-brokerage.
Van Schuppen has been appointed head of the new Global Investment Centre. He will report to Treon and join the management team of Private Wealth. At ABN Amro, where he worked since 2012, he was head of Wealth Products, Investments and Asset Management. Since 2020, he played a leading role in reorganising the bank’s investment capabilities, centralising teams of specialists in the Netherlands, Belgium, Germany and France, an approach that mirrors ING’s new strategy.
Earlier in his career, Van Schuppen spent five years as managing director for the Netherlands at RBS, which acquired part of ABN Amro in 2007. He also worked at Lehman Brothers and Morgan Stanley.
ING Solutions Investment Management, based in Luxembourg, is the authorised management company and AIFM serving ING Group’s fund ranges across Europe. It was created in 2010 and added AIFM services in 2013.
The latest annual report, for the financial year 2024, was filed in July and highlights its growing role:
- Assets under management: 39.7 billion euro at year-end 2024, up from 34.5 billion in 2023 (+15 percent).
- Turnover: 301.6 million euro (2023: 263.5 million euro), mostly from management, service and distribution fees.
- Net profit: 21.5 million euro, up nearly 30 percent from 2023 (16.7 million euro).
- Staff: 37 employees (2023: 31), reflecting increased project activity and regulatory demands.
- Capital and reserves: 56.4 million euro (2023: 34.9 million).
- Dividend: 45 million euro earmarked for distribution from the 2024 result, alongside 1.7 million euro allocated to the wealth tax reserve.
ISIM manages a cross-border platform of UCITS and alternative funds, including ING Aria, ING Fund ranges, ING (B) Collect, ING Select Fund, ING World ICAV in Ireland, and the Belgian pension fund Star Fund.
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