ING Advisors Network announces organizational changes

August 13, 2008 El Segundo, CA Share: Print Subscribe to Email Alerts

ING Advisors Network has announced a series of organizational changes at the network level, resulting in it elevating a number of senior officers in the organization.

“After a number of years of phenomenal growth, it is important we review our organizational structure to propel our future growth and continue to help our reps succeed,” said John Simmers, CEO of ING Advisors Network. “These appointments highlight one of our hidden strengths, the depth of talent in our organization.”

The changes, which are effective immediately, are:

Mark Marr
, 50, becomes executive vice president and chief administrative officer. He will assume additional responsibility for Risk Management, Operations, Information Technology and Strategic Integration. Marr was previously chief financial officer, and was also responsible for the Commissions, Licensing and Registrations, Due Diligence and Strategic Relations departments for ING’s four independent broker-dealers

Ashley Duryea
, 36, was promoted to fill the chief financial officer role vacated by Mark Marr. She previously served as the Network’s controller, and managed the team responsible for coordinating the regular close process and ensuring accurate and timely reporting of key financial and operating results.

Ashley Agard
, 43, has an expanded role as head of sales and marketing for ING Advisors Network. She will assume additional responsibility for enhancing the organization’s sales efforts and will also oversee the Strategic Relations Department. Previously, Agard served as chief marketing officer for the Network’s broker-dealer firms, and was responsible for overall strategic marketing plan development and execution, meeting management and creative services.

Jim Clabby
, 40, currently chief information officer, has an expanded role to oversee Information Technology, Commissions, Licensing and Registrations, and Strategic Integration for ING Advisors Network. Clabby’s previous role focused on overseeing all front and back-office systems for ING’s four independent broker-dealers.

The presidents of ING’s four broker-dealers, Financial Network Investment Corporation, ING Financial Partners, Multi-Financial Securities Corporation, and PrimeVest Financial Services will now report to John Simmers.

“It gives me great pleasure to elevate many of our leaders who have greatly contributed to our success,” said Simmers. “With their leadership, we will continue to grow and help make it easier for our representatives and advisors to succeed and ultimately help their customers achieve their financial goals.”

Press inquiries

Philip Margolis, ING, 860-580-2676 or phil.margolis@us.ing.com

About the broker-dealers of ING

ING Advisors Network is an independent broker-dealer network consisting of Financial Network Investment Corporation, ING Financial Partners, Inc., Multi-Financial Securities Corporation and PRIMEVEST Financial Services, Inc. With approximately 8,000 financial professionals, these four firms specialize in financial planning, asset management, insurance, and third-party bank marketing. The broker-dealers of ING are members of the Securities Investor Protection Corporation.

About ING

ING is a global financial institution of Dutch origin offering banking, investments, retirement services and life insurance to over 85 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of over 130,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.

In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, financial planning, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves over 17 million customers across the nation. For more information, visit www.ing.com