ING's defence-financing shift coincides with CRO vote

ING repositioned its defence-sector financing "from cautious to considered" the same week shareholders vote on Andrea Cesaroni as chief risk officer at a 31 July EGM. Cesaroni, who leads Integrated Risk, would fill the role vacant since Ljiljana Čortan left in February. Defence financing — touching credit, reputational, and policy risk — will test his tenure early.