CEO, ING U.S. Retirement Solutions, ING U.S.
The color is still going to be orange, but there's a lot changing at ING U.S. Retirement Services under CEO Maliz Beams.
Last May the firm netted $1.27 billion in an initial public offering-the largest IPO in the financial services sector since 2008-and next year it will change its brand name to Voya, a takeoff on "voyage" that was selected from among more than 5,200 suggested names.
As the retirement division casts itself away from the ING USA organization, it's heading out with plenty of steam. Beams' unit reported earnings of $192 million in the first quarter, a 20 percent increase from a year earlier. Sales from its network of nearly 23,000 advisers and distributors were $5.8 billion, up 23 percent, and as of March it had over $345 billion in assets. The unit serves nearly 48,000 institutional clients and more than 5 million individual retirement plan investors, and about 417,000 annuity customers.
Beams, former CEO for individual and institutional services of the not-for-profit TIAA-CREF retirement fund, is active with several outside organizations, including the New England Aquarium, Junior Achievement and Mount Auburn Hospital.