ING announced that Rob Leary has been named CEO of ING Insurance U.S. Previously, Leary was CEO of ING Investment Management, Americas. Leary's appointment as CEO follows ING's announcement from October 26 that Tom McInerney, currently CEO ING Insurance Americas, had been named COO of ING Insurance, effective Jan. 1, 2010. Leary will be one of six global insurance/investment management CEOs reporting to McInerney as part of ING's new global insurance/investment management structure.
"Rob's combination of leadership skills, industry experience and acumen, plus his strong track record of success make him the ideal successor for ING's U.S. insurance operations," McInerney said. "ING's global insurance business is well positioned to deliver steady growth in five geographic regions as the global economy begins to rebound. ING Insurance U.S. is a cornerstone to our overall strategy, and I am confident in Rob's ability to inspire employees, focus on customers, and collaborate with distribution partners."
Prior to being named CEO of ING Insurance U.S., Leary spent more than two years as CEO of ING Investment Management, Americas. As CEO, he was responsible for all investment management operations in North and South America. Leary's role at ING Investment Management, Americas will be filled by Jeff Becker, previously, vice chairman, COO, and head of business management and strategy, ING Investment Management, Americas.
"I am thrilled to take on this exciting new challenge in my career with ING," Leary said. "We have an exceptional portfolio of retirement and insurance businesses in the U.S., and a tremendous opportunity to expand ING's leadership positions in our core businesses. I wish my colleagues at ING Investment Management the very best. However, they are in very capable hands with Jeff. In addition to being highly regarded throughout the organization, he is a veteran investment management professional with impressive breadth and depth of industry knowledge and expertise."
Jeff Becker joined one of ING Investment Management's predecessor asset management companies in 1998, and ultimately served as its chief financial and administrative officer responsible for its business management and support organizations.
In addition to the other two announcements, ING Insurance U.S. also named Ewout Steenbergen CFO. Steenbergen assumes the U.S. responsibilities currently held by David Wheat, who has announced his retirement and intention to pursue other opportunities.
Prior to accepting this role, Steenbergen was chief financial and risk officer for ING Insurance Asia/Pacific. While in that role, he managed and supervised the financial performance of the region, business line financial and non-financial risk functions. For the last 16 years, he has held various leadership positions within ING, including GM of RVS, an ING Group insurance company based in the Netherlands, head of corporate strategy, ING Group and CEO Retail ING Czech and Slovak Republics.
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