ING Australia

Vaughn Richtor was the founding chief executive officer of ING DIRECT Australia in 1999, having joined ING Group in 1992. Richtor left Australia in 2005 to head ING Group's Indian operations, ING Vysya Bank before overseeing commercial and retail management in Asia from 2009.[7][8] Erik Drok served as CEO from 2005 to 2009, followed by Don Koch until 2012.[9] Vaughn Richtor returned as CEO 2012 whilst remaining to oversee management in Asia for ING Group.[10]

In September 2009 the bank sold OnePath, its AU$1.86 billion insurance and wealth management stake it had shared with Australia and New Zealand Banking Group (ANZ) in a joint venture since 2002 (51% ING Group ownership; 49% ANZ ownership[11]), making ANZ the sole owner.[12][13] The divestment of ING Insurance Australia followed similar measures globally as part of ING Group's structural changes as a result of the 2008 financial crisis.[14] In 2010, ING Insurance was subsequently rebranded as OnePath.[15]

Announced in March 2012, the bank completed an upgrade of IT infrastructure in 2014.[16] The "Zero Touch" project involved moving the bank's entire operations into a private cloud, claimed to be the first for any bank in Australia.[17] Dubbed 'Bank in a box', virtualization of the entire banking platform allows for simultaneous copies of the banking platform to exist on the company's servers. This provides greater flexibility and efficiency for developing new products and services, and the new virtualization technology will also improve redundancy measures and customer experience.[18]

In September 2012, the bank entered the superannuation market with Living Super, a self-managed superannuation fund (SMSF).[19]

Uday Sareen replaced Vaughn Richtor as CEO in June 2016 after Richtor announced his plans to retire from business.[10]

In August 2017, the bank announced it was changing its brand name from ING DIRECT to ING.

In November 2020, Melanie Evans became CEO,[20] the first female and Australian to lead the Australian subsidiary of ING.[21] Prior to being appointed CEO, Melanie Evans led the Retail Banking unit having joined ING in March 2017.[22]

The bank launched as ING Direct in August 1999 and operated out of the offices of its sister company ING Australia at 347 Kent Street, Sydney and then North Sydney.[23]

In March 2001 the bank signed a lease on several floors of the 14-storey office building at 140 Sussex Street, Sydney; subsequent growth led to the bank taking on additional floors over the next five years, culminating in ING leasing the entire building from 2007.

By the end of 2001, ING had a physical (non-branch) customer-facing presence, via its 'Customer Information Centres' (CICs), at 347 Kent Street, Sydney, 140 Queen Street, Melbourne (until August 2007), 100 Edward Street, Brisbane (until November 2010) and at 45 Pirie Street, Adelaide and 158 St Georges Terrace, Perth (both until late 2002). The Sydney CIC was relocated to the bank's headquarters at 140 Sussex Street in 2007.

In July 2002 a second office was opened in Tuggerah, approximately 100 km north of Sydney on the Central Coast of New South Wales; the building was shared with ING Australia. This office serves primarily as a Contact Centre, while also providing some limited administrative functions.

In February 2017 ING's headquarters, along with 1,000+ staff members, were relocated to 60 Margaret Street Sydney, where the bank signed a lease over seven floors of the 36-storey tower.

ING offers a variety of banking accounts and financial services to Australian residents.[24] Operating as a direct bank, ING has no ATM network or branches of its own, with the exception of the customer service lounge at the ING headquarters in Sydney. Services and support are provided over the phone or through online banking. No-fee access to any Australian ATM is provided through a loyalty program.[25]

• Banking in Australia
• List of banks
• List of banks in Australia
• List of banks in Oceania

• Official website
• ING Group