Business expansion
Location of affected unit(s)
All over the Netherlands
Financial Services
Activities Auxiliary To Financial Services And Insurance Activities
Financial Fund Management
66.30 - Fund management activities

100 jobs
Number of planned job creations
Job creation
Announcement Date
1 June 2016
Employment effect (start)
Foreseen end date


The Private Banking unit of the Dutch bank ING, managing private funds, is hiring 100 private bankers on top of its current 600 private bankers. The bank intends to expand its market share in private banking, as it is a banking activity that requires little capital investment on the bank's behalf and is thus less sensitive to the current low interest rates, and is potentially profitable because of the commissions charged. This expansion of personnel is particularly pertinent as the rest of the organisation has seen significant job losses since the bank announced a reduction of 1700 employees and an additional 1075 external personnel in November 2014, which was to be spread out over the following three years. Just recently the bank announced a reduction of 300 jobs in the department servicing small and medium-sized enterprises.


  • 1 June 2016: fd.nl
  • 2 June 2016: banken.nl


Eurofound (2016), ING, Business expansion in Netherlands, factsheet number 87654, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87654.