ING Group of Amsterdam has hired two executives from Marketing One Inc.

James M. Truax joined ING Group's financial institutions unit as national marketing director on Monday, said Michael R. McCoy, executive vice president and general manager of ING's bank sales unit.

Mr. Truax had been an executive vice president at the Portland, Ore.- based third-party marketer.

A source at ING confirmed that Joel Kaplan, the president of Marketing One, had been hired but did not know his new title. Mr. Kaplan declined to comment, his secretary said.

The changes come after ING Group's purchase of United Life and Annuity Co. from New York-based PennCorp Financial Group Inc. Marketing One, a PennCorp unit that shared executives with United Life, was not part of the deal.

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