ING in product development drive
ING has expanded its product team to fast track the development of planned new products based principally around its OneAnswer master trust offering.
The scheduled launch in June of the OptiMix Geared Share Fund, a stand-alone fund that will also be accessed through the OneAnswer platform, represents the first of the new unspecified product initiatives.
“The new team structure underlines our aim to develop products to meet the changing needs of the consumer,” ING executive director, personal investments, Alexis George said.
Two new appointments have been made to assist head of product David Kan, who was only appointed in November, as part of the new product development drive. Kan was previously general manager, strategy and projects at Perpetual.
George Lytas has been appointed senior manager platforms and will focus on OneAnswer strategy and business growth. Lytas was previously at AMP Financial Services, where he was manager of strategic development.
Craig Francis, previously with Zurich and Citibank, has been appointed senior manager product management.
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
