Van Hassel Named CEO of ING Investment Unit

Van Hassel replaces Jacques de Vaucleroy, who stepped down Monday to “pursue other interests,” the company said. ING also said Monday it is moving toward a complete separation of its banking and insurance operations over the next four years. The plan includes a divestment of all insurance operations, including investment management.

Van Hassel will report to Ton McInerney, who will take on the role of chief operating officer of ING Insurance, with day-to-day responsibility for all insurance and investment management activities, ING said.

Van Hassel joined the company in 2007 as CEO of ING IM Europe. Prior to working at ING, Gilbert Van Hassel pursued an international career with J.P. Morgan, most recently as managing director and global head of Technology and Operations at J.P. Morgan Asset Management in New York.

In addition, ING announced that Jeff Becker was named CEO of ING IM Americas. He was previously COO and head of business of business management and strategy at ING IM Americas. Becker succeeds Rob Leary, who will now become CEO of ING Insurance U.S.