Thursday 5th August 2010 9 Comments |
Text too small? |
The new name for its specialist investment and life insurance businesses is OnePath.
ANZ New Zealand chief executive Jenny Fagg says that now the bank fully owns the ING business "we have more opportunities to grow in the large and rapidly expanding wealth market.
"The new brand represents an exciting step for this business. It recognises that successful wealth businesses need to be positioned and to operate as specialists with capabilities that support the particular needs of customers and advisers. This includes continuing our long-standing commitment to and relationship with independent professional financial advisers."
She says that today's announcement is the first step in a communications programme for advisers and customers ahead of a public launch of the OnePath brand later this year. Under a transitional services agreement with ING Group, ANZ has the licence to use the ING brand until November 2010.
"OnePath will be New Zealand's largest manager of retail investment funds including KiwiSaver and will hold a leading position in the insurance, wholesale investment and listed property markets," Fagg said.
Spark Finance extends standby facility
AIA - Auckland Airport considers retail bond offer
VGL - 2024 Shaw & Partners Tech Conference Presentation
April 29th Morning Report
EBOS announces appointment of new Chief Financial Officer
AM Best affirms Tower Limited's A- (Excellent) FSR
MCK enters into conditional agreement for Whangarei land
April 26th Morning Report
SPG - Change to Executive Team
BGI - Forgiveness of $200,000 of secured indebtedness