ING Investment Management Australia appoints new CEO

ING Investment Management Asia/Pacific has appointed Steven Billiet as chief executive officer at ING Investment Management Australia. He will move to Australia from Taiwan, where he is currently chief executive of the country’s largest asset manager, ING Funds Taiwan, which has $19 billion in assets under management.

Billiet has been with ING for 15 years and started his career in product management and development with ING Investment Management Brussels. He also headed up ING Vysya Financial Services and was country head for the private banking division in India before moving to Taiwan.

Welcoming Billiet, Paul Klug, regional general manager of IMG IM Asia Pacific, said: “Steven has an excellent track record with developing asset management businesses, which comes at an important time in the expansion of our ING IM business in Australia.

“With $35 billion under management, ING IM Australia is a major player in the Australian market, achieving industry recognition through several awards across its sustainable Australian equity, listed property and global real estate investment trusts offerings over the past year.”

Billiet replaces David McClatchy, who has worked at the firm for 16 years. McClatchy was appointed chief executive in September 2007 after a three-year stint as chief investment officer.