Former ING CEO joins MyState board

  • By Christine St Anne

The former CEO of ING Direct Australia Vaughn Richtor will join the board of MyState as non-executive director. 

“He will bring significant banking and digital experience to the MyState Board having worked extensively within the industry in Australia and overseas and we look forward to his contribution,” MyState chair Miles Hampton said. 

Richtor helped spearhead the ING into a digital bank in Australia. He was also hired as the managing director of ING Vysya Bank in India where he led a successful turnaround. 

This role was followed by appointment as CEO and head of retail banking, Asia with ING.

He is currently chair of Ratesetter Australia and a non-executive Director of TMB Bank in Thailand. 

Richtor was also named executive of the year at RFi Group’s 2016 Australian Retail Banking Awards.

In one of his final speeches before retiring as CEO of ING Direct, Richtor spoke at the RFI Group/Randstad Leaders Lecture on leading on innovation. 

“If you want your team to innovate and do things differently, then you have to set your sights high and encourage them to do the same,” he said. 

“Ultimately, innovation – or making small, continual improvements – should be something we aspire to every single day. 

“I’d much rather people made 100 things one per cent better every day, rather than one thing 100 per cent better in the space of a year. 

“Everyone in the business can get involved in innovation - all you need is clarity of purpose, and the culture to make it happen.”