Appointment to the Executive Committee of KBC G...

Regulated information* - 2 March 2011 (after trading hours)

After 40 years of service with KBC, Luc Philips, Chief Financial Officer (CFO)
and member of the Executive Committee of KBC Group NV has expressed his
intention to end his active career at KBC with effect from the General Meeting
of 28 April 2011. Mr Philips will be succeeded by Luc Popelier, the current CEO
of the Merchant Banking Business Unit, while Mr Popelier's position will be
filled by Luc Gijsens, who is currently in charge of the Corporate Banking
Directorate.

The Board of Directors of KBC Group NV wishes to express its sincere gratitude
to Mr Philips for his many years of dedicated work in the various positions he
held in the group. Moreover, in his role of CFO - which he took on in the middle
of the financial crisis in 2009 - he concentrated on communicating financial
information to shareholders and financial analysts in a transparent and open
manner.

With the approval of the Executive Committee and on the advice of the Nomination
Committee, the Board of Directors of KBC Group NV has decided to appoint Luc
Popelier to succeed Luc Philips as Chief Financial Officer, and to appoint Luc
Gijsens as a member of the Executive Committee and as successor to Luc Popelier
as CEO of the Merchant Banking Business Unit. These appointments will take
effect on 1 May 2011.

The Management Committee of the Committee for Systemic Risks and System-relevant
Financial Institutions (CSRSFI) informed KBC today that it endorses these
appointments.

Luc Popelier (born in 1964) has a Master's Degree in Applied Economic Sciences
from UFSIA in Antwerp. After holding various positions in corporate banking at
the Kredietbank (now KBC) where he started his career in 1988, he moved to
London where he worked for Warburg Dillon Read (now UBS) between 1995 and 1999.
At the end of 1999, he returned to join KBC Securities before becoming General
Manager of KBC's Strategy & Expansion Division in 2002. Besides providing
strategic support to the Executive Committee, he was responsible in that role
for KBC's mergers and acquisitions in Central and Eastern Europe, among other
regions. He was appointed General Manager of Trade Finance at KBC Bank in 2008
and then a director and member of the Executive Committee of KBC Asset
Management on 1 March 2009. Since 1 September 2009, he has been CEO of Market
Activities (responsible for KBC Securities, KBC Financial Products, KBC Private
Equity and KBC's dealing rooms) in the Merchant Banking Business Unit and sits
on the KBC Group Executive Committee.

Luc Gijsens (born in 1953) has a Master's Degree in Law from KU Leuven. In
1977, he joined KBC (at that time the Kredietbank) where he first trained and
then worked as a dealer. Between 1981 and 1988, he worked for the company abroad
(Hong Kong, Bahrain, New York), returning to Belgium in 1988 to take up a
position in the corporate segment, where he gradually developed his career and
ultimately took charge of the Antwerp Corporate Office as general manager in
1998. He was appointed Senior General Manager of the Investment Banking
Directorate in 2000 (supervision of KBC Securities, among other
responsibilities) and then Senior General Manager of the Corporate and
Institutional Customers Directorate in 2003. Since 2008, he has been Senior
General Manager of the Corporate Banking Directorate.


Luc Philips (born in 1951) has a Master's Degree in Commercial and Financial
Sciences from the College of Management and Commercial Sciences (Hoger Instituut
voor Bestuurs- en Handelswetenschappen) in Brussels. He joined the Kredietbank
(now KBC) in 1971, working first in the Credit Department and then in the
International Credit Division, before moving to the bank's New York branch in
1981, where he took over the reins as General Manager six years later. He
returned to Belgium in 1991 to take charge of the Central Management -
Corporates Division. He was promoted to General Manager of the Corporate &
Investment Banking Directorate in 1993, and was appointed Executive Director and
member of the Executive Committee of the Kredietbank in 1997. In 1998 -
following the merger of the Kredietbank, CERA Bank and ABB Insurance - he became
Executive Director of the KBC Bank and Insurance Holding Company and of KBC
Bank. In 2003, he gave up this office to become an Executive Director and member
of the Executive Committee of the former Almanij company, which also enabled him
to take a seat on the Boards of Directors of the KBC Bank and Insurance Holding
Company, of KBC Bank and of KBC Insurance. Following the merger of the KBC Bank
and Insurance Holding Company with Almanij in 2005, Mr Philips became Chairman
of the Board of Directors of KBC Insurance, Deputy Chairman of the Board of
Directors of KBC Bank and a director of KBC Group NV, as well as Chairman of the
audit committees of KBC Bank and of KBC Group NV. On 1 May 2009, Luc Philips was
appointed member of the Executive Committee and Group CFRO. When the Executive
Committee was rejuvenated on 1 September 2009, the CFRO function was split into
a CFO and CRO, with Mr Philips taking up the position of CFO.


* This news item contains information that is subject to the transparency
regulations for listed companies.




dc_2011_ENG: 


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