Gilbert Van Hassel Named CEO of ING Investment Management
30 October 2009 - 3:15AM
PR Newswire (US)
NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- ING Investment
Management announced that it has appointed Gilbert Van Hassel
global CEO of ING Investment Management ("ING IM"). Gilbert Van
Hassel will report to Tom McInerney, who, as disclosed on 26
October 2009, will take on the role of Chief Operating Officer on
the ING Management Board Insurance, with day-to-day responsibility
for all insurance and investment management activities. Commenting
on Gilbert Van Hassel's appointment, Tom McInerney said, "Gilbert
is an outstanding leader with a proven track record and substantial
experience in the asset management industry. I am very pleased that
Gilbert has taken this position and confident that he will continue
to build our investment management business for global success."
Gilbert Van Hassel succeeds Jacques de Vaucleroy, who stepped down
on 26 October to pursue other interests. Gilbert Van Hassel has
nearly 27 years of experience in finance and asset management. He
joined ING in 2007 as CEO ING Investment Management Europe and will
continue in this role until a successor has been named. Prior to
working at ING, Gilbert Van Hassel pursued an international career
with JP Morgan, most recently as Managing Director & Global
Head of Technology and Operations at JP Morgan Asset Management in
New York. "I am thrilled to take on this exciting new challenge in
my career with ING. I consider it an honour to serve our clients
globally in a fiduciary role and to play a major part in the
development of one global ING Investment Management organization,"
Gilbert Van Hassel said. "I know that our strong focus on clients,
our investment performance, global reach and regional presence are
the cornerstones of a top-tier global investment management firm
and I welcome this opportunity to lead the future development of
the organisation." ING Investment Management also announced today
that Jeff Becker has been named CEO of ING Investment Management
Americas. Becker, previously vice chairman, chief operating
officer, and head of Business Management and Strategy, ING
Investment Management, Americas, succeeds Rob Leary, who will take
on a new position as CEO of ING Insurance U.S. Becker said, "I am
very excited to be transitioning into this new role as ING
Investment Management embarks on its strategy to become a premier
global asset management firm. I am proud of the way all of our
professionals have managed through the challenging market
environment and positioned our business for growth. Along with our
dedicated management committee, I look forward to leading our
talented teams of investment management professionals across the
Americas who are eager to pursue this exciting global strategy.
Collectively, ING Investment Management, Americas will continue to
deliver tremendous value and service to its clients." Earlier this
year ING announced that it is combining its regional investment
management businesses and its real estate investment management
business to form a leading global asset manager. The combined
business has around EUR 400 billion in assets under management. The
appointment of Gilbert Van Hassel is, where appropriate, subject to
regulatory approval. ING Profile ING is a global financial
institution of Dutch origin offering banking, investments, life
insurance and retirement services to over 85 million private,
corporate and institutional clients in more than 40 countries. With
a diverse workforce of about 110,000 people, ING is dedicated to
setting the standard in helping our clients manage their financial
future. Important legal information Certain of the statements
contained herein are statements of future expectations and other
forward-looking statements. These expectations are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties. Actual results, performance or
events may differ materially from those in such statements due to,
among other things, (i) general economic conditions, in particular
economic conditions in ING's core markets, (ii) performance of
financial markets, including emerging markets, (iii) the frequency
and severity of insured loss events, (iv) mortality and morbidity
levels and trends, (v) persistency levels, (vi) interest rate
levels, (vii) currency exchange rates (viii) general competitive
factors, (ix) changes in laws and regulations, (x) changes in the
policies of governments and/or regulatory authorities, (XI)
conclusions with regard to purchase accounting assumptions and
methodologies, (XII) ING's ability to achieve projected operational
synergies. ING assumes no obligation to update any forward-looking
information contained in this document. DATASOURCE: ING Investment
Management CONTACT: Dana E. Ripley, ING Insurance Americas,
+1-770-980-4865, or Cell, +1-404-788-9624,
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