ING Advisors Network Announces Organizational Changes

January 6, 2005 Atlanta Share: Print Subscribe to Email Alerts

John Simmers, CEO of ING Advisors Network, has announced management changes for the organization, which is one of the nation’s largest independent broker-dealer organizations with approximately 9,000 financial professionals in its four broker-dealers. The changes are prompted by the departure of Jackie Figliola, who has served as head of operations and product since 2000. Figliola has moved to ING’s U.S. Financial Services to become head of customer and distribution contact centers. Figliola, who joined Financial Network Investment Corporation in 1984, assumed her new role on January 3. Her previous duties will be divided among ING Advisors Network executives.

Valerie Brown, who was recently named president of ING Advisors Network, is responsible for the strategy, profitability, and sales growth for the Network’s four broker-dealers. Her expanded role includes responsibility for fee-based programs, advanced markets capabilities, and ING Trust USA.

As chief operating officer, Cindy Hamel’s role has been expanded to provide additional support and continuity across all broker-dealer operations. Hamel manages all aspects of the brokerage and back office operations of ING Advisors Network.

Kerry Cunningham, chief compliance officer, works with industry regulators and identifies and implements compliance best practices across the Network. Her role has been expanded to include Product Research.

Mark Marr, chief financial officer, directs all financial activities for the entire Network and drives Network-wide financial business projects. Marr’s role has been expanded to include product due diligence and strategic partner management.

Brown, Hamel, Cunningham and Marr report to John Simmers.

About ING Advisors Network

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 9,000 financial professionals, these four firms specialize in financial planning, asset management, insurance, and third-party bank marketing. All of the broker-dealers are SIPC and FINRA members.

About ING

ING Group is a global financial institution of Dutch origin offering banking, insurance and asset management to more than 60 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of more than 115,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand. In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which include financial planning, life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits, and reinsurance. ING holds top-tier rankings in key U.S. markets and serves more than 14 million customers across the nation. For more information, visit www.ing.com.

Press inquiries

Phil Margolis, 860 723 4783 or phil.margolis@us.ing.com