ING veteran Elvira Kruger appointed Head of Transaction Services

Rick Steves

Elvira Kruger is a respected leader with deep knowledge of the businesses she leads and a track record of transformation and growth, the firm stated.

ING has announced the appointment of Elvira Kruger as Head of Transaction Services, succeeding Mark Buitenhek, who has decided to step down from the role.

Effective 1 October, Elvira Kruger will be part of the Wholesale Banking Management Team and report to the Head of Wholesale Banking, Andrew Bester.

Elvira Kruger has been with ING for over 20 years

With more than 20 years of experience working at ING in various sectors and regions, most recently as global head of Real Estate and Infrastructure, Elvira Kruga is a respected leader with deep knowledge of the businesses she leads and a track record of transformation and growth, the firm stated.

Prior to this appointment, Elvira held executive and senior positions in trade and commodity finance, global credit restructuring, and structured finance.

Mark Buitenhek, who is stepping down from the role of Head of Transaction Services, has been with ING for 34 years. He joined the bank in September 1988 and, according to the firm, he has been instrumental in developing Transaction Services within ING’s Wholesale Banking.

After becoming head of Transaction Services in January 2014, he joined the Wholesale Banking management team in early 2018, demonstrating the growing importance of TS to ING’s strategy. Mark Buitenhek is also vice-chairman of the board of SWIFT.

ING Ventures invests in OpenFin

ING Ventures, the venture capital arm of ING, has recently invested in OpenFin, the operating system (OS) of enterprise productivity which powers next-generation applications and digital experiences for employees and clients. The software is now used at more than 2,400 banks, wealth and asset management firms in 60+ countries.

This announcement follows a period of accelerated growth since last year’s launch of OpenFin Workspace, the new visual interface of OpenFin OS which includes components for complex windowing, advanced search, actionable notifications and application discovery.

Built on Google’s Chromium engine, OpenFin OS simplifies app distribution, unifies the digital workspace and enables seamless communication and workflow between apps.

The latest round of capital will be used to accelerate expansion of OpenFin OS to every user within financial services. The firm’s software is already being used by 23 of top 25 global banks as well as many of the world’s leading asset managers and financial services vendors.

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