NEW YORK, Aug. 8, 2013 /PRNewswire/ -- ING U.S. Investment Management today announced that it has appointed Bas NieuweWeme as Managing Director and Head of Institutional Distribution. NieuweWeme, who reports to Shaun Mathews, Executive Vice President and Head of the Client Group, will oversee all aspects of the institutional business, setting strategic direction across U.S. and international sales, consultant relations, RFPs, client service and relationship management.
"Bas is a veteran of our organization, having served in a variety of important marketing and sales roles," said Mathews. "He has in-depth knowledge of our investment strategies and investment platforms and also a strong perspective on the retirement and overall institutional investment industry. Bas is uniquely qualified to lead our institutional business and – together with his team – will continue to build on the positive momentum we have achieved across our distribution channels. In the first half of 2013, ING U.S. Investment Management generated third-party net flows of $5.8 billion, and third-party assets under management have grown to $110 billion as of June 30, 2013, compared to $91 billion a year ago."
NieuweWeme has worked at ING for 13 years, most recently as Senior Vice President and Head of Institutional Sales with ING U.S. Investment Management. In this role, he and his team have marketed the firm's products and solutions to a range of institutional investors.
"This is an exciting time for our business, and I am looking forward to working with our distribution team to take our business to the next level," said NieuweWeme. "I believe our array of investment capabilities in equities, fixed income, senior loans and multi-asset solutions are well suited to meet the long- and short-term needs of institutional investors today. Evidence of this can be seen in the robust institutional assets we have attracted year-to-date, the number of new institutional clients we have welcomed to the platform and the positive attention we have received from the consultant community."