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ANZ & ING complete funds management & life insurance JV

Document date:  Tue 30 Apr 2002
Published:  Tue 30 Apr 2002 19:48:59
Document No:  189747
Document part:  A
Market Flag:  Y
Classification:  Progress Report - Other

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-04-30  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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ANZ and ING confirmed the completion today of their funds management
and life insurance joint venture.

Known as ING Australia Limited, the joint venture has a leading
position in funds management and life insurance including a top four
position in retail funds management in Australia and the leading
position in New Zealand with total funds under management and
administration of $38.4 billion. 

The joint venture will commence operation from tomorrow, 1 May 2002.

For media enquiries, contact:

Stephen Sinclair                      
HEAD OF CORPORATE COMMUNICATIONS, 
Tel: 02-9234 8468 or 0412-258 261 
Email: Stephen.Sinclair@ing.com.au 

Paul Edwards
ING HEAD OF GROUP MEDIA RELATIONS, ANZ
Tel: 03-9273 6955 or 0409-655 550
Email: edwardp12@anz.com