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ING appoints new CEO

Tuesday 24th June 2008

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An Australian with a background in life insurance has been appointed to head up ING in New Zealand.

ING has appointed Helen Troup as the new chief executive in New Zealand replacing Marc Lieberman.

Troup is currently the executive director of life risk at ING Australia. She takes up her new role on July 11.

She has been with the ING Group for seven years, and has achieved significant success as evidenced by strong revenue and profit growth for ING Australia's life risk business, transforming the company to become the leading risk provider in Australia, the company says.

"Helen's ability to achieve organic growth is evidenced though her success with ING Life Risk, which has seen the market share in retail sales increase from number six to number one under Helen's leadership," chairman Michael Smith says.

Troup, he says, brings strong commercial acumen to the role, as ING Life Risk has achieved compound annual profit growth of 15% every year since 2004. As part of the executive team of ING Australia, she has been involved in all aspects of wealth management and protection across the financial services spectrum.

"Helen's skills, together with the knowledge and experience of the local management team, provide a strong combination to lead ING NZ through its next growth phase," Smith said.

Troup has a Bachelor of Economics majoring in actuarial studies, and spent her early career in the actuarial field before moving into product management.

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