Gilbert Van Hassel Named CEO of ING Investment Management

NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- ING Investment Management
announced that it has appointed Gilbert Van Hassel global CEO of ING
Investment Management ("ING IM"). Gilbert Van Hassel will report to Tom
McInerney, who, as disclosed on 26 October 2009, will take on the role of
Chief Operating Officer on the ING Management Board Insurance, with day-to-day
responsibility for all insurance and investment management activities.

Commenting on Gilbert Van Hassel's appointment, Tom McInerney said, "Gilbert
is an outstanding leader with a proven track record and substantial experience
in the asset management industry. I am very pleased that Gilbert has taken
this position and confident that he will continue to build our investment
management business for global success."

Gilbert Van Hassel succeeds Jacques de Vaucleroy, who stepped down on 26
October to pursue other interests. Gilbert Van Hassel has nearly 27 years of
experience in finance and asset management. He joined ING in 2007 as CEO ING
Investment Management Europe and will continue in this role until a successor
has been named. Prior to working at ING, Gilbert Van Hassel pursued an
international career with JP Morgan, most recently as Managing Director &
Global Head of Technology and Operations at JP Morgan Asset Management in New
York.

"I am thrilled to take on this exciting new challenge in my career with ING. I
consider it an honour to serve our clients globally in a fiduciary role and to
play a major part in the development of one global ING Investment Management
organization," Gilbert Van Hassel said. "I know that our strong focus on
clients, our investment performance, global reach and regional presence are
the cornerstones of a top-tier global investment management firm and I welcome
this opportunity to lead the future development of the organisation."

ING Investment Management also announced today that Jeff Becker has been named
CEO of ING Investment Management Americas. Becker, previously vice chairman,
chief operating officer, and head of Business Management and Strategy, ING
Investment Management, Americas, succeeds Rob Leary, who will take on a new
position as CEO of ING Insurance U.S.

Becker said, "I am very excited to be transitioning into this new role as ING
Investment Management embarks on its strategy to become a premier global asset
management firm. I am proud of the way all of our professionals have managed
through the challenging market environment and positioned our business for
growth. Along with our dedicated management committee, I look forward to
leading our talented teams of investment management professionals across the
Americas who are eager to pursue this exciting global strategy. Collectively,
ING Investment Management, Americas will continue to deliver tremendous value
and service to its clients."

Earlier this year ING announced that it is combining its regional investment
management businesses and its real estate investment management business to
form a leading global asset manager. The combined business has around EUR 400
billion in assets under management.

The appointment of Gilbert Van Hassel is, where appropriate, subject to
regulatory approval.

ING Profile
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 110,000 people, ING is dedicated to setting the
standard in helping our clients manage their financial future.

Important legal information
Certain of the statements contained herein are statements of future
expectations and other forward-looking statements. These expectations are
based on management's current views and assumptions and involve known and
unknown risks and uncertainties. Actual results, performance or events may
differ materially from those in such statements due to, among other things,
(i) general economic conditions, in particular economic conditions in ING's
core markets, (ii) performance of financial markets, including emerging
markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
interest rate levels, (vii) currency exchange rates (viii) general competitive
factors, (ix) changes in laws and regulations, (x) changes in the policies of
governments and/or regulatory authorities, (XI) conclusions with regard to
purchase accounting assumptions and methodologies, (XII) ING's ability to
achieve projected operational synergies. ING assumes no obligation to update
any forward-looking information contained in this document.

SOURCE ING Investment Management

Dana E. Ripley, ING Insurance Americas, +1-770-980-4865, or Cell,
+1-404-788-9624, dana.ripley@us.ing.com