The Long Term; ING Investment Management, New York, is alive and well, despite questions from plan sponsors and money managers about how committed its parent, ING Group, is to the asset management business.(Face To Face)

Pensions & Investments, July, 2005

Byline: Vince Calio ING Group places a heavy emphasis on its asset management business, and has been steadily building it up in the past year, said Chairman and CEO Robert Crispin. The divestitures of Baring Asset Management, Delta Asset Management and ING Capital Advisors have caused consultants and plan sponsors alike to question the firm's commitment to asset management.

But Mr. Crispin said the divestitures were nothing more than a move to cut the fat and build a leaner, more centralized money management platform offering both quantitatively and fundamentally managed investment products. How would you respond to those questioning ING's commitment? ING has three core businesses: insurance, banking and asset management, and has more then $400 billion in...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.