ING Hires Wallace to Head U.S. Insurance Strategic Distribution Channel

ING has hired Bruce Wallace as senior vice president and head of its Strategic Distribution for its U.S. life insurance business. In his new role, he is responsible for recruitment and sales for the company's closely aligned sales channel. Previously, Wallace served as a managing general agent for Nationwide Financial Network where he was responsible for sales in the Eastern U.S. He reports to Dan Mulheran, head of ING Life Distribution.

"Bruce has all the attributes we have been searching for in a candidate to build and grow the ING Strategic Distribution channel," said Mulheran. "He has the ability to lead the ING sales team, motivate our distributors and inspire ING Strategic Distribution to new heights."

Prior to Nationwide, Wallace built two successful financial services agencies with Guardian Life and New York Life. He earned a bachelor's degree from Baylor University in 1980. Wallace holds FINRA Series 7, 24, 66, 6, 63 licenses and is a member of GAMA International and the National Association of Insurance and Financial Advisors (NAIFA).

Wallace will be based at ING's Minneapolis offices.

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries. With a diverse workforce of about 107,000 people, ING is dedicated to setting the standard in helping our clients manage their financial future.

In the U.S., the ING (NYSE: ING) family of companies offer a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, direct banking, institutional investment management, annuities, employee benefits and financial planning. ING holds top-tier rankings in key U.S. markets and serves nearly 30 million customers across the nation. For more information, visit www.ing.com/us.

  Press inquiries:
  Philip Margolis
  ING
  (860) 580-2676
  phil.margolis@us.ing.com

First Call Analyst:
FCMN Contact: phil.margolis@us.ing.com

SOURCE: ING

CONTACT: Press inquiries: Philip Margolis of ING, +1-860-580-2676,
phil.margolis@us.ing.com

Web Site: http://www.ing.com/us