Naomi Ballantyne to leave ING Life

ING Life chief executive Naomi Ballantyne is set to move on to new ventures within the next few months.

Mrs Ballantyne will stay to hand over the helm of ING Life to a new boss and then will investigate her ideas for new businesses.

Mrs Ballantyne’s last start-up was insurance company Club Life, bought by ING in early 2004.

“What I most enjoy is building companies,” she said. She was more impatient with corporate procedures such as board sign-off and reporting requirements.

Mrs Ballantyne said she always knew that her entrepreneurial side would be ready for new pastures after selling Club Life.

But ING proved to be such a good parent for the company that it took five years for her to get to the point of wanting to leave.

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With the brand name of ING ruined beyond redemption over its selling of the ING DYI/RIF products to poor unsuspecting retirees its no wonder its a good time for Mrs Ballantyne to move on to new challenges... clever woman to realise when a dead duck is just that! With the Commerce Commission investigating and the Securities Commission considering the same... who wouldn't want to head for cover... watch for further musical chairs!

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This will be good for ING life, it is time for some new blood in the management of the company.

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Having been associated with ING Life from it's earliest days as Club Life, those who know the insurance industry well, will know that the Life side of the business within ING has not suffered the same level of bad press as the funds management. In addressing Bill's comment's, school is out as to whether ING Life will continue to flourish without Naomi's passion and leadership.

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