ING’s Muriel to Run LatAm Insurance, Pensions

ING Americas has appointed Carlos Muriel CEO and president of its insurance and pension operations in Latin America, effective January 1. Muriel, who is currently chairman and CEO of ING Mexico based in Mexico City, will oversee ING’s growing insurance and pension operations in Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. Muriel has been with ING since 1996 and will report to Tom McInerney, chairman and CEO, ING Insurance Americas. “Latin America is an important region of the world for ING Group because it has an attractive growth profile that aligns with ING’s global strategy to build scaled and sustainable leadership positions in the wealth accumulation and insurance businesses of emerging markets,” says McInerney. Muriel replaces Robert Crispin, who recently announced his retirement from ING as chairman and CEO, ING Investment Management and Latin America. ING recently acquired Santander’s pension fund businesses in Mexico, Chile, Colombia and Uruguay for $1.3bn in cash.