Voya Financial is an American financial, retirement, investment and insurance company based in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
. Voya began as ING U.S., the United States operating subsidiary of
ING Group
The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale bankin ...
, which was spun off in 2013 and established independent financial backing through an
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
.
[ In April 2014, the company rebranded itself as Voya Financial.] Voya's predecessors had first entered the U.S. market in the 1970s.
Operations
The company's main center for broker-dealer (the ''ING Financial Partners'' division) and annuities
In investment, an annuity is a series of payments made at equal intervals.Kellison, Stephen G. (1970). ''The Theory of Interest''. Homewood, Illinois: Richard D. Irwin, Inc. p. 45 Examples of annuities are regular deposits to a savings account, m ...
businesses is located in Des Moines, Iowa
Des Moines () is the capital and the most populous city in the U.S. state of Iowa. It is also the county seat of Polk County. A small part of the city extends into Warren County. It was incorporated on September 22, 1851, as Fort Des Moines, ...
. This center was first established in 1997 and employed 400 as of late 2014. On July 31, 2017, Voya entered into an agreement with Cognizant
Cognizant is an American multinational information technology services and consulting company. It is headquartered in Teaneck, New Jersey, United States. Cognizant is part of the NASDAQ-100 and trades under CTSH. It was founded as an in-hous ...
to outsource a broad range of IT services, resulting in layoffs and jobs transferred to Cognizant.
References
Further reading
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External links
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{{Authority control
Banks based in New York City
Companies based in New York City
Banks established in 2013
Financial services companies established in 2013
American companies established in 2013
Companies listed on the New York Stock Exchange