ING is pleased to announce that Hein Brand and Rudolf Molkenboer have been appointed General Manager of Real Estate Development (RED) and General Manager of Real Estate Finance (REF) respectively. These new appointments will take effect from January 1, 2010.
Currently General Manager of REF, Hein Brand is moving across to RED to replace Menno Maas, who is leaving to pursue other opportunities. Meanwhile Rudolf Molkenboer, who is currently global head of Wholesale Banking's Event Finance business, will become the new General Manager of REF.
Hein Brand has an experience in excess of 25 years with ING Group including global responsibility for problem loan management. As General Manager of REF for the past eight years, Hein has substantial real estate experience and he leaves REF as a strong and healthy company, which has become one of the top five property financiers within Europe.
At RED, Hein will seek to build on the great expertise already within the organisation as he takes the necessary next steps to drive RED's strategy following the successful integration of the business into Wholesale Banking Products back in September.
Rudolf Molkenboer joined ING Wholesale Banking in August 2007 from ABN Amro as Global Head of the then newly-created Event Finance team. Since then, he has built the team up from scratch and established Event Finance as a successful business line which has effectively instituted close working relationships with the other Wholesale Banking business lines.
As a specialist financial product, REF can really benefit from greater interaction with the other Wholesale Banking businesses. Rudolf has a proven track in making this happen and his finance experience and knowledge will help complement the existing REF team.
Diederik van Wassenaer, Global Head of Wholesale Banking Products, commented: 'These appointments will significantly strengthen both real estate businesses as we take the necessary next steps to drive our strategy for RED and REF following the successful integration of both businesses into Wholesale Banking back in September."
Source: ING Real Estate