ING U.S., one of the nation's largest insurers, Thursday named an executive from Bank of America Corp.'s mass-affluent brokerage business to lead its broker-dealer.
Thomas Halloran, who was the managing director overseeing product strategy and acquisition for Merrill Edge, will be president of ING Financial Partners, ING spokeswoman Maggie Dietrich said in a statement. Merrill Edge is Bank of America Corp.'s self-directed online brokerage business for mass-affluent customers.
Mr. Halloran replaces Karl Lindberg, who the firm said will develop and oversee IFP's advisory practice and service model. Mr. Halloran will start Nov. 18.
The broker-dealer is a unit of ING U.S., an insurance, investment and retirement-plan provider that is soon re-branding as Voya Financial after being spun off by its Dutch owners.