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Press release from PR Newswire

ING Insurance U.S. Names Maliz E. Beams as CEO of Retirement

Wednesday, June 01, 2011

ING Insurance U.S. Names Maliz E. Beams as CEO of Retirement09:00 EDT Wednesday, June 01, 2011NEW YORK, June 1, 2011 /PRNewswire/ -- ING Insurance U.S. announced today that it has appointed Maliz E. Beams as CEO of ING Retirement, overseeing ING's industry-leading employer-sponsored retirement plan business, ING Retirement Services, and its growing customer-focused retail retirement business, ING Individual Retirement. In this role, Beams will be responsible for linking these two important ING units to create a seamless Retirement operation that meets the dynamic needs of institutional and individual customer groups.  She will be focused on growing ING's existing defined contribution business; building relationships with individuals who seek retirement support and guidance both within and outside of workplace plans; and delivering on operational performance goals as ING Group prepares for an initial public offering (IPO) of its U.S.-based retirement, insurance and investment management businesses.  Beams comes to ING with 30 years of diverse experience in the financial services industry, spanning institutional, high net worth and retail markets across asset management, retirement and banking sectors.  Most recently, she served as president and CEO of TIAA-CREF's Individual and Institutional Services, helping those businesses deliver six consecutive years of significant growth and client retention.  While at TIAA-CREF, she founded the Wealth Management business and re-launched IRAs, Insurance Products and Private Asset Management, all with substantial growth.  Her vision for that organization's retirement advice capability received industry-wide recognition.  In addition to TIAA-CREF, Beams has held leadership roles at Zurich Scudder Investments, Fleet Financial and American Express.Beams, who will be based in ING's Windsor, Conn. and Braintree, Mass. offices, reports to Rob Leary, President and Chief Operating Officer of ING U.S.  Her appointment is effective June 1. "Maliz has an outstanding track record of managing financial services businesses that reach both individual and institutional customers, taking high performing businesses to new levels of growth and performance," noted Leary.  "We're thrilled she'll be joining ING U.S. at this phase of our journey.  Her experience and leadership skills will complement the strong talent within our two existing Retirement businesses, providing a bridge that will help sharpen strategy and deliver performance results as we move closer to becoming an independent U.S. financial services company."   "ING has a rich history of success and leadership in helping individual and institutional customers plan and save for retirement.  I welcome the opportunity to continue that legacy," said Beams. "Developing strategies to profitably grow existing defined contribution markets, building relationships with new retail customers who transition from their employer-sponsored plan and partnering closely with businesses across the enterprise will be an important part of operationally preparing ING Insurance U.S. for its exciting goal of a U.S.-focused IPO."Beams received a B.A. in English from Boston College and an M.B.A. in marketing and finance from Columbia University.  Among other accomplishments and recognitions, Beams was named by U.S. Banker magazine as one of "The 25 Most Powerful Women in Finance" in 2008 and 2009, and has also been listed on Who's Who of American Women.About INGING 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 over 40 countries. With a diverse workforce of more than 105,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.In the U.S., the ING (NYSE: ING) family of companies offers a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits and financial planning. ING holds top-tier rankings in key U.S. markets and serves approximately 20 million customers across the nation. For more information, visit ING Insurance U.S.For further information: Joe Loparco, ING Americas, Office: +1-860-580-2677, Cell: +1-860-462-6525,