ING comes to life

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ING, today, completed its transformation from fund manager to full financial services provider with the renaming of recent acquisition Club Life to ING Life.

Monday, February 16th 2004, 2:18AM

ING bought Club Life last month, following unanimous approval from shareholders.

While the Club Life name has now changed to ING Life, ING managing director Paul Fyfe says the values and philosophies Club Life was built on – in respect of its relationships with advisers and policyholders – will remain and, over time, be strengthened by the ING brand.

"Essentially, the combination of ING’s strength and Club Life’s innovation, local knowledge and experience mean the company as ING Life can become an industry leader much sooner than would otherwise be possible."

He says ING will provide the capital needed to grow the business and to secure its future.

Under the new ownership structure, ING Life will operate as a standalone subsidiary of ING New Zealand. All members of the former Club Life management team have been retained, with founding Club Life chief executive Naomi Ballantyne – now managing director of ING Life – becoming part of ING’s senior management team. ING Life will continue to operate from their current premises in Albany, Auckland.

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Another life company goes »

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