ING names supervisory board member; Credit Suisse unit removes exec temporarily

S&P Global Market Intelligence presents a daily roundup of management and board changes at financial institutions in Europe. This feature excludes C-level leadership changes and previously reported stories.

ING Groep

ING Groep NV will propose to appoint Lodewijk Hijmans van den Bergh to its supervisory board, subject to shareholder approval.

The Dutch banking group also said Jan Peter Balkenende will retire from the board after completing his four-year term at the end of its April 26 annual general meeting to focus on other future activities.

Credit Suisse Asset Management (Switzerland)

Credit Suisse Group AG subsidiary Credit Suisse Asset Management (Switzerland) Ltd. is taking Michel Degen, its head of asset management activities in Switzerland and wider Europe, the Middle East and Africa, off the role temporarily, finews.com reported, citing a memo to the unit's staff.

Filippo Rima will take over Degen's position on an interim basis in addition to the current role of the unit's head of equities in Switzerland, according to the March 10 report.

Luc Mathys, head of fixed income at the unit, will also be temporarily replaced by Alexandre Bouchardi, finews added. The unit is also reportedly taking a Zurich-based employee who managed its Greensill Capital (UK) Ltd.-linked supply chain finance funds off the job temporarily.

Totalkredit

Denmark-based Totalkredit A/S said Managing Director Camilla Holm is leaving the company to take over as executive vice president at PFA Pension Forsikrings A/S.

Holm, who has been a member of Totalkredit's executive board since 2015, will leave the company by June 30 at the latest.

VP Bank

Liechtenstein-based VP Bank AG said Fredy Vogt, a member of its board of directors, will step down and will not stand for reelection at its April 30 annual general meeting.

The board proposed to elect Philipp Elkuch as a board member, subject to regulatory approval.

Quilter

U.K.-based asset manager Quilter PLC appointed Tazim Essani an independent nonexecutive director, effective March 9.

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