The fund is being launched with initial contributions of EUR 200 million by the bank and EUR 50 million by Atitlan, with the aim of doubling these resources to boost the sector in Europe, the Americas, Africa and Asia. 

The ING executive will replace Ángel Rivera, who after more than 11 years in senior management positions in the group, exceeding the goals set at Santander Spain, will begin a new stage in his career in other areas of the business world.