By leaving ING Belgium, Philippe Masset leaves de facto his position as President of the Board of Directors of ING Luxembourg, position taken over by Rik Vandenberghe.

Rik Vandenberghe started his career in ING Belgium in 1984 (BBL at the time), and in 2007 he took over the reins of ING Luxembourg, where he stayed for 6 years. Mr. Vandenberghe developed in Luxembourg both the local and international activities of the bank, making of ING Luxembourg a key player for both companies and individuals.

On 1 March 2013 he joined the Executive Committee of ING Belgium, responsible for the division Products & Operations. Shortly thereafter, on 13 May 2013, he was appointed CEO ING Belgium SA, Head of the Belgian and Luxembourg entities of ING Group; he reports directly to Hans van der Noordaa, CEO ING Bank Benelux.