According to ING Canada, the name change reflects the acquisition in February 2009 by institutional and retail investors of all the shares held by ING Groep in the company. As a result of these transactions, ING Canada became an independent and widely held Canadian company, without any ties to its previous majority shareholder. Charles Brindamour, president and CEO, said: "We deeply appreciate the support of our shareholders who invested $2.2 billion in our company and we are committed to continue delivering a strong performance. "Our new name says it all. Intact is not only an affirmation of a new corporate identity, it is a reflection of our promise to get our customers back on track. As we proceed on our journey, we will continue to take the company to new levels by taking full advantage of our solid operating platform, our financial position and our strong team." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon For full details for IGCDF click here.
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