|ING Groep N.V. (ING) is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. It operates in six business segments: Retail Banking, ING Direct, Commercial banking, Insurance Europe, Insurance Americas and Insurance Asia/Pacific. In November 2009, the Company completed the sale of annuity and mortgage businesses in Chile to Corp Group Vida Chile, S.A., and it completed the sale of its life insurance and wealth management venture to ANZ. In January 2010, the Company completed the sale of its Swiss Private Banking business to Julius Baer. In January 2010, ING completed the sale of its Asian Private Banking business. In February 2010, the Company completed the sale of its United States independent retail broker-dealer units. In December 2010, the Company sold 5% stake in Fubon Financial Holding Co Ltd. In June 2011, the Company disposed Clarion Partners.