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ING Commerical Banking
ING Commerical Banking is the corporate and investment banking division of ING Group and conducts a wide range of international financial services including sales, trading and distribution of debt market products, research, treasury, foreign exchange, money markets and derivatives. It also offers corporate finance, M&A advisory, debt capital markets origination, securitization, and corporate and structured lending services. Additionally, ING has unique strengths in cash management, international payments, wholesale insurance and employee benefits products.
In Asia, ING provides in-depth client coverage, local knowledge and product expertise. ING Commerical Banking is present and active in 13 major economies in Asia-Pacific including Australia, China, Hong Kong SAR, India, Indonesia, Japan, Malaysia, Mongolia, the Philippines, Singapore, South Korea, Taiwan and Thailand. Its regional head office is located in Singapore.
ING Retail Banking
Managed from the regional office in Singapore, ING Retail Banking's operations include Bank of Beijing in which ING holds 16.07% stake, ING Vysya Bank in India in which ING has a 44% stake, and TMB in Thailand in which ING holds a 30%.
ING Private Banking
In Asia, ING Private Banking has offices in Dubai, Hong Kong, Manila, Seoul and Singapore, which is the regional Head Office. According to the 2007 private banking survey conducted by Asiamoney, ING Private Banking was voted one of the top ten banks active across the Asia/Pacific region, excluding Japan and Australia.
ING Direct
ING Direct is a major direct bank with about 19 million customers in nine countries. In Asia Pacific ING DIRECT began operating in Australia in 1999 and now boasts over 1.3 million customers with a retail deposit base of more than EUR 8 billion. Unlike traditional banks, ING DIRECT does not maintain a branch network and customers access their funds via the telephone, Internet or mail. Pioneering the branchless banking approach, ING DIRECT is now the country’s sixth largest retail bank and employs over 700 staff. |