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Do Your Thing summary

Ralph Hamers

Lessons from Banking’s Biggest Digital Transformation

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Do Your Thing offers guidance on embracing authenticity and individuality in our professional lives. Ralph Hamers presents strategies that encourage personal growth, creativity, and effective leadership while staying true to our unique values and passions.

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Do Your Thing
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ING’s slow reinvention

Rewind to 2008. ING was a global banking giant – top ten in the world, admired for its digital-savvy ING Direct brand – when the financial crisis hit and exposed billions in risky mortgage assets on its books. Two government bailouts followed, layoffs swept through the organization, and the company spent years under strict EU oversight, forced to sell off entire business lines just to survive. By the time the dust settled, ING had shrunk from 125,000 employees to fewer than 80,000. The company was leaner, but it was also exhausted.

That’s the backdrop for one of the biggest transformations in banking history. In 2013, ING’s incoming CEO sat down for dinner with a group of Silicon Valley fintech founders, expecting to ask them questions about disruption. Instead, his host turned the tables: they’d invited him because they wanted his insights. His host explained that of every financial company that had tried to build a real business on the internet since the 1990s, only two had actually pulled it off. One was PayPal. The other was ING Direct. It was a jolt – a reminder that the CEO’s own company had once been genuinely ahead of the curve, a fact the years of crisis management had quietly buried.

That moment also reminded ING’s CEO that recovery and reinvention aren’t the same project. Recovery is fast and reactive – cut costs, sell assets, stabilize the balance sheet. Reinvention is slower and deeper, reshaping how people think and work, and it rarely happens in under three years. Mistaking one for the other is one of the fastest ways to stall real progress.

So how do you actually build that next chapter? Start by listening widely before deciding anything. For ING, months of conversations with employees, investors, and outside innovators – from Apple to Google to a university focused on exponential technology – shaped a handful of insights that became the new roadmap. Among them: think mobile-first, move faster than instinct suggests is comfortable, test real behavior instead of collecting opinions, and build a culture where small teams can act boldly.

Just as critical was making the resulting strategy impossible to forget. Instead of another dense planning document, the team distilled its entire vision onto a single page. Simple enough to remember, clear enough that thousands of employees could repeat it back. ING had recovered from the crisis. Now it was beginning to truly reinvent itself, step by step. 

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What is Do Your Thing about?

Do Your Thing (2026) pulls back the curtain on what it really takes to reinvent a major organization from the inside out. Drawing on one CEO’s real experience of steering a global bank through a major crisis, it offers a practical framework for aligning purpose, culture, and innovation during times of change. Find out how genuine transformation starts at the top and gets sustained through consistency, not just bold announcements.

Who should read Do Your Thing?

  • Corporate executives and CEOs navigating large-scale organizational change
  • Business leaders in traditional industries facing pressure to modernize
  • Students of business curious about how major financial institutions reinvent themselves
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About the author

Ralph Hamers is the former CEO of both ING and UBS, and now works as a corporate advisor, tech investor, and board chair. At ING, he led the bank’s post-crisis turnaround, building it into one of Europe’s top digital banking players. Later, as head of UBS, he introduced the One UBS strategy and helped steer the high-stakes rescue of Credit Suisse.

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