Parent ING Group, based in Amsterdam, has previously announced its plan to divest ING U.S. through an IPO.

FORBES: ING U.S. To Rebrand As Voya

Announced today, Voya Financial is the name ING U.S. will assume following a post-IPO rebranding effort, expected to take up to two years.

FORBES: ING U.S. To Rebrand As Voya

The company is also slowly moving into the business process outsourcing, or BPO space, with a recent deal with ING bank in the U.S. Cognizant will be working with insurance claims processing for ING and hiring 1, 000 ING staffers and make them members of the Cognizant family.

FORBES: Cognizant CEO D'Souza Bullish On Year; Beats Infosys