 IOOF demutualised in 2002 and listed on the Australian Securities Exchange (ASX) in 2003.The IOOF group has completed a number of mergers and acquisitions creating a significant financial services entity with more than $140 billion in funds under management, administration and advice and over 500,000 customers

IOOF Holdings Limited originated in Melbourne in 1846 as the Victoria Grand Lodge of the Independent Order of Odd Fellows, an international friendly society.By the late 1980s, the various Australian Grand Lodges of the Independent Order of Odd Fellows combined were the largest friendly society in Australia, with approximately 200,000 members.