Ralph Hamers

Ralph Adrianus Joseph Gerardus Hamers (born 25 May 1966) is a Dutch businessman who is the UBS Group CEO.[3] He was the chief executive officer (CEO) of Dutch bank ING Group from October 2013 until June 2020.[1]

Ralph Hamers
Hamers in 2015
Born
Ralph Adrianus Joseph Gerardus Hamers[1]

(1966-05-25) 25 May 1966[2]
Simpelveld, Netherlands[2]
EducationTilburg University
OccupationUBS Group CEO, UBS
Children2

Early life

Ralph Hamers was born on 25 May 1966.[2][4] He has a master's degree in business econometrics/operations research from Tilburg University.[4][1]

Career

Hamers joined UBS in September 2020 as Group Executive Board member and became the UBS Group Chief Executive Officer (CEO) on 1 November 2020.[3][5][6][7]

Prior to UBS, Hamers spent 29 years at Dutch bank ING Group.[4]

Hamers joined ING in 1991 and was the CEO of ING between 1 October 2013 and June 2020.[8][9] During his time as CEO, he steered the bank to profitability while repaying the Dutch government money it received during the financial crisis. Also under his leadership, ING invested heavily in its digital transformation, relying far more on its online offering and less on its branch network than most rivals, leading to the bank having one of the lowest cost-to-revenue ratios in Europe at the time.[10]

In 2018, there was an uproar in the Netherlands following a proposal to raise Hamers' yearly salary from 1.6 million euro to 3 million euro.[11] Following the uproar, the Board withdrew the offer, leaving his salary unchanged.

In December 2020, a Dutch court ordered the public prosecutor to open a probe into Hamer's involvement in his previous role as CEO of ING in the company's failure to comply with anti-money laundering regulations in 2018. Although the investigation was settled in 2018 with a €775 million fine paid by ING and, according to Bloomberg News, the public prosecutor stated that "it didn’t find enough evidence for criminal accusations against individuals at ING, including the top management",[12] Hamers' investigation could continue into 2022 at the earliest.[13][14]

Other activities

Personal life

Hamers is married, with twins.[16]

References
  1. "Ralph Adrianus Joseph Gerardus HAMERS - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 10 March 2018.
  2. Ron Kosterman, As CEO, you need to show your vulnerable side too, Elsevier 21/28 December 2013
  3. "UBS appoints Ralph Hamers as Group Chief Executive Officer". ubs.com. 2 February 2020. Retrieved 24 September 2020.
  4. "R.A.J.G. (Ralph) Hahmers". ING. Retrieved 1 August 2015.
  5. Morris, Stephen; Megaw, Nicholas; Smith, Robert. "UBS names ING's Ralph Hamers as next chief executive". Financial Times. Retrieved 20 February 2020.
  6. "Ralph Hamers to leave ING". ING.com. Retrieved 20 February 2020.
  7. Patrick, Margot (20 February 2020). "UBS Puts Digital First With New Tech-Savvy CEO". Wall Street Journal. ISSN 0099-9660. Retrieved 24 February 2020.
  8. "Executive Profile* Ralph A. J. G. Hamers". Bloomberg. Retrieved 31 July 2015.
  9. Straight Talk with Ralph Hamers, CEO ING Group. ING (News and Politics). 1 October 2013. Retrieved 7 December 2019.
  10. Michael Shields and Bart H. Meijer (February 19, 2020), Switzerland's UBS starts new chapter with Dutch tech innovator as chief Reuters.
  11. Increase salary Dutch ING CEO, Dutch news, March 8, 2018.
  12. "UBS CEO Probed Over ING Money Laundering Issues". Bloomberg.com. 9 December 2020. Retrieved 26 January 2021.
  13. Sterling, Brenna Hughes Neghaiwi, Toby (9 December 2020). "Dutch prosecutors to investigate UBS chief over ING money laundering case". Reuters. Retrieved 26 January 2021.
  14. Colchester, Margot Patrick and Max (4 September 2018). "Europe Goes Harder on Money Laundering With Record ING Fine". Wall Street Journal. ISSN 0099-9660. Retrieved 26 January 2021.
  15. Board Institute of International Finance (IIF).
  16. ING.com (30 December 2013). "CEO Ralph Hamers featured in Elsevier".

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