NETHERLANDS - ING Group, the Dutch banking and insurance group, has abolished its Global Retirement Services department.
The global pensions department has been disbanded in favour of three de-centralised units to bring the retirement support closer to the regions.
Global head of pensions Violeta Ciurel, who had taken on some of the responsibilities of former head Jan Nijssen when he left, has been named as ING's new general manager of public and international affairs.
The global retirement services staff have all been redeployed within the group.
Ciurel told IPE: "The activities we had at the central level related to pensions within ING Group have been de-centralised at the regional level - for Europe, Asia Pacific and Americas." There was "no successor" as such for her previous position.
The department played a supporting role for the ING business units in retirement services, she explained. This role would be assumed by regional representatives.
Jacques de Vaucleroy remains responsible for the global activity in retirement services business at the executive board level, spokesman Mark Goedbloed said.
Succeeding the retired Johan Richters, Ciurel will become ING's new General Manager of Public and International Affairs.