ING Restructures Asset-Management Unit

Now, ING will have separate asset-management operations in Europe, the Americas and the Asia/Pacific region, the company says.

But ING says it will continue to report total asset-management profits on a global basis.

Alexander Rinnooy Kan, the ING executive who has been in charge of ING Investment Management and most other ING asset-management operations, will continue to be in charge of ING asset-management activities.

Bob Crispin, now president of ING Investment Management Americas, will become the regional chief executive officer for IIM Americas and serve on the ING Americas region executive committee, ING says.