ING Insurance U.S. has appointed Maliz E. Beams CEO of ING Retirement, overseeing ING's employer-sponsored retirement plan business, ING Retirement Services, and its retail retirement business, ING Individual Retirement.
In her new position, Beams will be responsible for creating a seamless retirement operation by making sure the two separate units of ING Retirment work together. She will focus on growing ING's existing defined contribution business; building relationships with individuals who seek retirement support and guidance both within and outside of workplace plans; and delivering on operational performance goals as ING Group prepares for an initial public offering (IPO) of its U.S.-based retirement, insurance and investment management businesses.
Prior to joining ING, Beams had 30 years of experience in the financial services industry, across such diverse markets as high net worth, retail, and institutional. She's worked in asset management, retirement, and banking. Most recently, she served as president and CEO of TIAA-CREF's Individual and Institutional Services, helping those businesses deliver six consecutive years of significant growth and client retention.
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While at TIAA-CREF, she founded the Wealth Management business and re-launched IRAs, insurance products and private asset management, all with substantial growth. Her vision for that organization's retirement advice capability received industry-wide recognition. In addition to TIAA-CREF, Beams has held leadership roles at Zurich Scudder Investments, Fleet Financial and American Express.
Beams received a B.A. in English from Boston College and an M.B.A. in marketing and finance from Columbia University. She will be based in ING's Windsor, Conn. and Braintree, Mass. offices, and reports to Rob Leary, president and Chief Operating Officer of ING U.S. Her appointment is effective June 1.
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