ING Australia’s chief operating officer and former Cogent/BNP Paribas custody chief, Alexis George, has been posted to the Czech & Slovak Republics.
George will from next February assume a Prague-based role running ING’s life insurance, pension, annuities and mutual fund businesses for the Eastern European region. Having family in Europe, George said she had sought out such a role, and intended to stay in it for at least two to three years. George has only been chief operating officer for a couple of months. Next year she will be replaced by Fred Bertram, an ANZ technology executive who will run a newly-created ‘customer solutions’ business, combining ING’s IT, operations, e-business and customer service functions. George’s previous role as head of personal investments for ING Australia has been filled by David Kan, previously the product manager in that division.
04/12/2007
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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