A financial services company has set up a business development team that will focus on selling retirement plan services to 403(b) plans at colleges and universities.

The retirement services arm of ING U.S., Windsor, Conn., a subsidiary of ING Groep N.V., Amsterdam, says it believes this is a good time to capture share in the higher ed 403(b) plan market because of recent federal regulatory changes that have sparked consolidation.

The head of the higher ed business development team will be Kevin Brown, a senior vice president who has been chief counsel and head of external affairs.

Kate Lewis, a vice president, will handle public colleges and universities in the Western half of the United States, and Troy Dryer, a national director, will handle the private colleges and universities in that region.

Gregg Holgate, vice president, will handle colleges and universities in the Eastern half of the United States.

Dawn Mazzola, a national director, also will serve on the team.