The operational rebranding process will only start after ING Insurance has been successfully brought to the market. In the meantime, the business units including ING Insurance, ING Investment Management and Nationale-Nederlanden will continue to operate under their current brands. The recent announcement has no impact on the branding of ING Bank's operations or the investment management businesses that are part of ING U.S., Inc., ING's U.S.-based retirement, investment and insurance subsidiary which plans to rebrand in the future as Voya Financial.
Ralph Hamers, CEO of ING Group, said, "ING Insurance progresses well with its preparations to become a stand-alone company. The announcement of the future brand 'NN' is an important milestone and underscores that we are in the end phase of the restructuring of ING Group. Through this period of change we will continue to build strong, sustainable futures for our businesses, while placing the highest priority on the needs of our customers."
Lard Friese, vice-chairman of ING Insurance, added, "We are very pleased to announce 'NN' as our future name and brand logo. We are building a new company that brings together three market-leading European insurance and investment management brands under one compelling brand. Although NN is a new brand, it is based on a rich heritage. Because we want to stay close to our customers in different markets, we will add local business descriptors to the NN brand in different countries. ING Investment Management will rebrand as NN Investment Partners. This underscores its distinct business proposition but is clearly within the same brand family. We believe this is the right way forward for our company, and for our customers. We are a company for the future: NN."