Jacques Kemp
Encyclopedia
Jacques Kemp is a Dutch businessman. Kemp started his career with ING
in 1974, serving in several executive positions in the firm since. Kemp graduated from the Higher Economic School in Rotterdam
and holds an MBA degree from University of Chicago
.
office in 1982, and from 1984 to 1990 he was the General Manager in Brazil
. He moved to the ING Head Office
in Amsterdam
as General Manager of ING Bank International to establish the Central & Eastern European network. After the purchase of Barings Bank
in 1995, Kemp became a member of the Executive Committee
. From 1999 to 2001 he was Global Head of E-Business, and responsible for ING’s strategy on web-based financial services worldwide. From 2002 to 2008 he served as CEO of ING Asia/Pacific Ltd.
, Bank of Beijing
, China
and PayPal
.
While the Brazilian branch was headed by Kemp from 1984 to 1990, a famous transaction was organized around the soccer player Romario da Souza Faria
, whose price was set at US $4 million. PSV Eindhoven, only willing to pay US $3 million, hired ING who worked on buying debt in the open market of US $3 million with a face value of US $4 million. They turned the debt over to the Brazilian government who cleared the books with US$4 million and Romario was swapped.
Kemp has developed a management model, Towards Performance Excellence (TPE), which is widely used in the ING organization.
On 10 March 2006, the Dutch Business Association of Hong Kong
bestowed the title of “Business Person of the Year” on Kemp, for his work as CEO of ING Asia/Pacific Ltd.
ING Group
The ING Group is a global financial institution offering retail banking, direct banking, commercial banking, investment banking, asset management, and insurance services. ING is the Dutch member of the Inter-Alpha Group of Banks, a cooperative consortium of 11 prominent European banks...
in 1974, serving in several executive positions in the firm since. Kemp graduated from the Higher Economic School in Rotterdam
Rotterdam
Rotterdam is the second-largest city in the Netherlands and one of the largest ports in the world. Starting as a dam on the Rotte river, Rotterdam has grown into a major international commercial centre...
and holds an MBA degree from University of Chicago
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
.
Work history at ING
Kemp was involved in setting up the Los AngelesLos Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
office in 1982, and from 1984 to 1990 he was the General Manager in Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
. He moved to the ING Head Office
Head Office
Head Office is a 1985 American comedy film, produced by HBO Pictures in association with Silver Screen Partners. It stars Judge Reinhold, Eddie Albert, Lori-Nan Engler, Jane Seymour, Richard Masur, Michael O'Donoghue, Ron Frazier, Merritt Butrick and was directed and written by Ken...
in Amsterdam
Amsterdam
Amsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
as General Manager of ING Bank International to establish the Central & Eastern European network. After the purchase of Barings Bank
Barings Bank
Barings Bank was the oldest merchant bank in London until its collapse in 1995 after one of the bank's employees, Nick Leeson, lost £827 million due to speculative investing, primarily in futures contracts, at the bank's Singapore office.-History:-1762–1890:Barings Bank was founded in 1762 as the...
in 1995, Kemp became a member of the Executive Committee
Executive Committee
Executive Committee may refer to:* The Executive Committee of the Privy Council of Northern Ireland, a government body in the United Kingdom 1921–1972* The Northern Ireland Executive, a government body in the United Kingdom...
. From 1999 to 2001 he was Global Head of E-Business, and responsible for ING’s strategy on web-based financial services worldwide. From 2002 to 2008 he served as CEO of ING Asia/Pacific Ltd.
Contributions to ING Group
In the late 1990s, Kemp was involved in the start-up of ING Direct. Under his leadership ING acquired major stakes in banks such as Bank Slaski, PolandPoland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
, Bank of Beijing
Bank of Beijing
The Bank of Beijing is a bank based in Beijing, People's Republic of China. Founded on January 8, 1996 as Beijing City Commercial Bank , it adopted its present name in January 2005....
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
.
While the Brazilian branch was headed by Kemp from 1984 to 1990, a famous transaction was organized around the soccer player Romario da Souza Faria
Romário
Romário de Souza Faria , better known simply as Romário , is a former footballer who played striker,manager and current politician where is currently running for a mayor like position in his hometown...
, whose price was set at US $4 million. PSV Eindhoven, only willing to pay US $3 million, hired ING who worked on buying debt in the open market of US $3 million with a face value of US $4 million. They turned the debt over to the Brazilian government who cleared the books with US$4 million and Romario was swapped.
Kemp has developed a management model, Towards Performance Excellence (TPE), which is widely used in the ING organization.
On 10 March 2006, the Dutch Business Association of Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
bestowed the title of “Business Person of the Year” on Kemp, for his work as CEO of ING Asia/Pacific Ltd.