VERSAVEL ERIK 

Certificate of inclusion into the Registry
NRCD No. 008 dated 11.12.2018

  • Master of Law: University of Antwerp, Belgium, 1983.
  • ING Bank: Trainer Leading Compliance Risk Management Legal but Harmful, Singapore, Seoul and Shanghai, 2008–2009.
  • Singapore Institute of Directors: Executive Diploma in Directorship, 2018–2019. 

International corporate banking professional. Independent Board Director experience at a Mongolian insurance company and bank.
Executive diploma and accredited membership of the Singapore Institute of Directors. Certified Member of the National Registry of Corporate Directors, Ukraine.
Large international network, including with International Financial Institutions. Experience with consultancy work for Asian Development Bank.
Extensive managerial and corporate banking experience in developing and distressed markets, including Sri Lanka, Ukraine, Mongolia, Indonesia, China, and South Korea.
Legal background with expertise in debt restructuring and policy formulation. Immaculate reputation for integrity, transparency, and regulatory understanding.
Belgian national with 40 years plus experience in ING Bank, 35 years of which posted overseas. 

November 2025 – current – ING Bank, Brussels, Belgium: Advisor Governance Working Capital Solutions and Trade.
September 2020 – October 2025 – ING Hubs, Colombo Branch, Sri Lanka: General Manager.
2022–2023 – Xac Bank, Mongolia: Independent Director, Member of the Risk and Audit Committees.
2019–2022 – Tenger Insurance, Mongolia: Independent Director.
2016 – 2019 – ING Bank NV: Country Representative, Mongolia; debt capital markets for Sovereign and FI issuers, project finance, mergers and acquisitions advisory.
2016 – AmCham Mongolia: Board Member and Founding Chairman of the Financial Services Committee, Ulaanbaatar, Mongolia.
2012–2016 – PJSC ING Bank Ukraine: Chairman of the Management Board and Chief Executive Officer, Kyiv, Ukraine.
2012–2014 – European Business Association Ukraine: Board Member, Kyiv, Ukraine.
2004–2009 – ING Bank NV Seoul Branch: Chairman of the Management Committee, Seoul, South Korea.
2000–2004 – ING Bank NV Shanghai Branch: Chairman of the Country Management Committee for Shanghai and Beijing, Shanghai, China.

MEMBERSHIP, HONOURS AND PUBLICATIONS
June 2019 – September 2020 – Honorary Consul for Belgium, Mongolia.
Kingdom of Belgium: Knight in the Order of the Crown, 2008.
Singapore Institute of Directors: Member, accredited member.
Published Author:
• Outposted: Four Decades as an International Banker, November 2024.
• Mongolia: Cracks in the Eternal Blue Sky, November 2021.