NN Investment Partners and ING Bank Śląski strengthen partnership in Poland

18/12/18

NN Group today announces that it has reached an agreement to strengthen the long-term partnership between NN Investment Partners (NN IP) and ING Bank Śląski S.A. in Poland. Under this agreement, ING Bank Śląski will acquire a 45% stake in NN IP in Poland for a total consideration of approximately EUR 41 million, and will distribute NN IP investment funds to the Polish retail market through its extensive branch network.

Satish Bapat, CEO NN IP: ‘The partnership will further strengthen our position in the Polish market and will support our growth strategy of attracting third-party assets. NN IP and ING Bank Śląski will jointly offer investment funds to ING’s retail client base and also provide pension solutions for ING’s corporate and individual clients.Together we are well positioned to continue to build a strong and sustainable business in Poland.’

The transaction is not expected to have a material impact on the operating result and Solvency II ratio of NN Group. The transaction is subject to regulatory approval, and is expected to close in the first half of 2019.

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À propos de l'auteur

Satish Bapat

Satish Bapat

CEO NN Investment Partners, Member of the Management Board NN Group

Expérience : Satish Bapat a été nommé CEO de NN Investment Partners (NN IP) et membre du comité de direction de NN Group le 1er avril 2017. Satish était auparavant CEO de NN Life Japan depuis 2013. De 2011 à 2013, il a été CEO Asia Pacific et Global CFO pour ING Investment Management. Satish a débuté sa carrière chez Deloitte Touche aux États-Unis et a ensuite travaillé chez TNT N.V., ABN Amro Asset Management, Robeco Asset Management et Royal Bank of Scotland. Il a plus de 20 années d’expérience dans le domaine des services financiers, tant aux Pays-Bas qu’à l’étranger.

Formation : Satish Bapat possède un Master of Business Administration en Finance de la Temple University de Philadelphie (États-Unis) et détient également une licence (Bachelor) en comptabilité de l’Université de Bombay (Inde). Il est expert-comptable agréé (États-Unis).

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