ING replaces chief executive of $600B investment management biz

Gilbert Van Hassel has been named global CEO of the unit, while Jeff Becker will now be the CEO of ING Investment Management in the Americas
OCT 29, 2009
ING Groep NV today named Gilbert Van Hassel as its new chief executive officer of ING Investment Management. Mr. Van Hassel succeeds Jacques de Vaucleroy, who resigned on Monday to pursue other interests. Mr. Van Hassel joined ING in 2007 as CEO of ING Investment Management Europe and will continue in that role until a successor is named, the company said in a release. At the same time, ING announced that Jeff Becker will replace Rob Leary as the CEO of ING Investment Management in the Americas. Mr. Becker has been the vice chairman, chief operating officer and head of business management and strategy for ING's investment management unit here. Mr. Leary, meanwhile, will move over to the ING insurance business in the United States, where he will serve as that unit's new CEO. These moves come just days after ING announced that it will be dividing its banking and insurance operations. As part of that announcement, the firm said it is looking at initial public offerings and divestitures, or some combination of the two. As InvestmentNews reported yesterday, sources have indicated that ING is leaning towards an IPO for the ING Investment Management unit, which has $596 billion in assets under management.

Latest News

'Bogged down' advisors just want to have fun (again)
'Bogged down' advisors just want to have fun (again)

Jim Cahn, of Wealth Enhancement Group, lifts the lid on his firm's partnership model, his views on RIA M&A, and the widely slept-on reason why advisors are merging into larger organizations.

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.