ING Group NV has named Valerie Brown president of its retail annuity market segment, which is part of its wealth management group in New York.
The company also said on Friday that it had hired Patrick Yung to be marketing chief for the retail annuity business unit.
In her new role, Ms. Brown is responsible for the company's retail annuity profit and loss, which includes responsibility for operations in all retail annuity product lines, product development and management, legal, compliance, and marketing.
The retail annuity unit had $10.7 billion of sales last year and more than $50 billion of assets under management at Dec. 31.
Ms. Brown was an executive vice president of ING U.S. retail annuity and wealth management. Earlier she had been president of ING Advisors Network.
Mr. Yung will have overall management and creative responsibility for all aspects of marketing and communications, supporting product development, marketing compliance activities, and the investment platform.
He was a vice president of marketing and chief of staff at ConnectiCare Inc.
