ING Advisors Networks, which provides broker-dealer services to 7,000-plus financial advisors nationwide, said that Chairman and CEO John Simmers has decided to retire. Simmers will remain in an advisory role with the broker-dealer network in order to ensure a smooth transition to his successor and will complete his term on FINRA’s Board of Governors.
Mark Marr, now executive vice president and chief administrative officer of ING Advisors Network, has been named interim CEO. He has been with ING for 11 years.
According to ING, Simmers has been an influential leader in the broker-dealer industry for more than 30 years, beginning with a role as an examiner trainee at the National Association of Securities Dealers (NASD). From there, he and a group of partners launched Financial Network Investment Corp. (FNIC), which became one of the most successful and well-known independent broker-dealers in the industry.