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Financial Planning > Behavioral Finance

Personnel Changes: ING, Aviva, Others

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ING Groep N.V. has named Valerie Brown to be chief executive of the ING Advisors Network.

Brown succeeds John Simmers, who retired in April, according to ING, Amsterdam.

Brown previously was president of the ING retail annuities market segment.

ING Advisors Network, El Segundo, Calif., is an independent broker-dealer network. Units include Financial Network Investment Corp., ING Financial Partners Inc., Multi-Financial Securities Corp. and PRIMEVEST Financial Services Inc.

In related news, ING has hired Michael Smith to be ING the chief financial officer and chief insurance risk officer for the U.S. annuity business.

Smith will help oversee ING’s shift to simpler, lower-cost annuity products, the company says.

Smith previously was head of profitability and risk management at the retirement solutions arm of Lincoln National Corp., Radnor, Pa.

Smith has a bachelor’s degree from the University of Michigan in 1985. He is a fellow of the Society of Actuaries and holds the Chartered Financial Analyst professional designation.

He also has served on committees at the American Council of Life Insurers, Washington; the American Academy of Actuaries, Washington; and the Society of Actuaries, Schaumburg, Ill.

In other personnel news:

- Aviva P.L.C., London, has hired Richard Hoskins to be executive vice president and chief financial officer for the North American region.

The region includes Aviva’s U.S. life and annuity business, and its Canadian property-casualty company.

Hoskins previously was executive vice president and chief financial officer at Old Mutual U.S., Atlanta, a unit of Old Mutual P.L.C., London.

Hoskins has a bachelor’s degree from Sheffield University in the UK. He is a member of the Institute of Chartered Accountants.

- American United Life Insurance Company, a unit of OneAmerica Financial Partners Inc., Indianapolis, has named Michael Grossi to be a general agent for the individual insurance division.

Grossi, who will work in Warwick, R.I., previously was director of brokerage and unit sales manager for John Hancock Financial Network/Independence Financial Partners Inc., Warwick, R.I.

Grossi serves on the board of the Rhode Island Association of Insurance and Financial Advisors.

- The New Jersey Association of Health Plans, Trenton, N.J., has hired Sarah McLallen to be vice president.

McLallen previously was chief of staff at the New Jersey Health Care Quality Institute, Trenton.

She also has worked for the Forrester for Governor campaign in New Jersey, and she worked in communications for the Republican Party of Texas.


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