"This is a great event for two well-performing asset management companies to join together," said Chris Ryan, head of ING's Asia-Pacific business. "The new venture will help bring both companies' already professional teams to an even higher level. What's more, this partnership will allow us to complement each other so that we may offer better and more diverse products."
Further, with more assets under management, ING will be able to offer economies of scale, added Eddy Belmans, ING's regional director for North Asia.