ING Groep N.V.

                                   
 
FINSwire Latest news about ING Groep N.V. Company Rss Feed
ING Names Martin CEO for U.S. Insurance in Preparation for IPO
AIG veteran Rodney O. Martin Jr. will manage 8,500 workers as the Dutch company prepares to IPO the unit.
 

Overview

ING Groep N.V. is one of the world's largest banking and insurance companies. It provides banking, investment, life insurance and retirement services. ING stands for Internationale Nederlanden Groep.

The company traces its roots back to 1743 but its future was in question in 2008 when global markets cratered. The Dutch government agreed to a rescue that involved taking over the bank's Alt-A U.S. mortgage portfolio and chief executive Michael Tilman stepping down. The company is now carrying out the rest of the bargain: shedding many of its insurance and investment operations, its U.S. online bank and some Dutch retail banking operations and focusing mainly on its core banking business. It has sold ING Canada and is shopping its private-banking business in Europe and Asia. ING is also trimming 800 jobs and plans to exit from 10 of the 48 countries it operates in. Another cost-cutting measure is paring back its Formula One Racing program.

Its Amsterdam headquarters, ING House, designed by Meyer and Van Schooten Architects, is a streamlined building of anodized aluminium and glass, constructed like a table on 16 legs. Its similarly sleek handful of ING Direct cafes in the U.S. invite visitors to buy a latte, surf the Net for free and take a gratis financial seminar.

Sectors

Recruiting


The company rolls out the welcome mat for applicants around the globe with individual sites dedicated to its farflung operations. It also maps out its programs for students in wholesale banking, global risk, finance, investment management and retail banking.

Facts & Resources


Employees:   130,629
Stock Quote   ING
Company Site:   www.ing.com
Career Site:   Careers



Resources




  • ING Wholesale Banking
  • ING Direct
  • INGCorporate Finance
  • ING Equity Capital Markets
  • ING Financial Markets
  • ING Commercial Finance
  • ING General Lending
  • ING Leasing
  • ING Securities Services
  • ING Structured Finance
 

 




 
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