Investment
Insurance
Superannuation
On 25 September we announced that ANZ entered into an agreement to purchase ING Group's 51% shareholding in ING Australia, subject to obtaining regulatory approvals.These approvals were granted and on 30 November 2009 ANZ took full ownership of ING Australia. ING Australia now operates as ANZ's Australian specialist wealth management and protection business.
What does this mean for you?
The change in ownership does not change our longstanding commitment to our customers. There will be no change to the policy and service commitments we have in place with you and meeting your needs remains our key focus.
Our new ownership is positive for our business and places us in a strong position for the future.
What happens next?
Although ING Australia is now owned by ANZ, we have a licence from ING Group to continue to use the ING brand while we transition to a new brand – expected to be by late 2010. We will work to make this transition as smooth as possible and minimise disruption for our customers.
Keeping you informed
During the transition of our brand there will be changes to the names of companies, products, investment funds and investment options that are operated by ING Australia and its subsidiaries. To keep you informed we will place relevant information about these changes and other transition updates on http://www.ing.com.au.