ING Direct 2002 Annual Report Download - page 19

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Annual Report 2002 · ING Group16
 

Asset management is ING’s
third core activity alongside
insurance and banking. Assets
under management at ING
totalled EUR 449 billion at
year-end 2002 with EUR 161
billion in mutual fund assets,
EUR 129 billion in third-party
institutional money and
EUR 159 billion in assets held
for ING companies. As from
2003, the regional ING Invest-
ment Management business
units have been integrated
into the respective regional
executive centres.
Strengthening the links
between ING’s investment
professionals and its
distribution channels, this
organisation change enables
ING to respond to regional
and local market opportunities
even better and faster than
before. In addition, a Global
ING Investment Management
Board has been set up to
preserve the efficiency of a
global manufacturing
platform and to ensure global
consistency of the investment
strategies adopted in each
region. ING Asset Manage-
ment continues to function
as a global platform that
co-ordinates ING’s strategy
and operations with respect
to asset management. Besides
ING Investment Management,
these operations include
Baring Asset Management,
ING Real Estate, Parcom
Ventures, Baring Private
Equity Partners, ING Aeltus
and ING Trust.
Not only the entrance hall and
the façade, but also several
elevators, ceilings, stairs and
floors are made of glass, to
accentuate the transparency
of ING House.