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Rating:ING Execs Play Musical Chairs Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, October 29, 2009

ING Execs Play Musical Chairs

Reported by Patricia Kelly

ING's decision to divest its investment management business has triggered changes in the firm's top ranks, a company spokesman confirmed to The MFWire. On Thursday, the insurer appointed Jeff Becker the new CEO of ING Investment Management Americas, which includes its mutual fund business. Becker, previously COO, takes over from Rob Leary, who becomes CEO of ING Insurance U.S.

Also on Thursday, ING named Gilbert Van Hassel the new global CEO of ING Investment Management. Van Hassel replaces Jacques de Vauclery, who stepped down on Monday to pursue other interests. Becker will report to Van Hassel.

On Monday, ING revealed plans to divest its investment management and insurance operations over the next four years. Those plans prompted the need for a new management structure, ING spokesman Dana Ripley told The MFWire.

Van Hassel will report to Tom McInerney, who is taking on the role of COO on the ING Management Board Insurance. He has day-to-day responsibilities for all insurance and investment management operations.  

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