Diversified Dutch financial services group, ING, announced the reshuffled management lineup of its US advisory businesses with Randall Ciccati, former president of one of the firm’s smaller adviser networks, replacing Valerie Brown as head of ING Advisors Network, the largest of the firm’s advisory businesses.

Ms Brown was appointed to a newly created position as executive vice president, Annuity and Wealth Management within ING US Wealth Management.

The reshuffle follows a “realignment” of ING’s US business to allow the international banking giant to focus on the retirement savings market.

As previously reported, under the realignment ING created two distinct business divisions: one division, called US Wealth Management, focused on long-term retirement savings, retirement income, and comprehensive financial planning; the other operation, called US Insurance, is focused on risk protection, wealth preservation and risk management.

Kathleen Murphy, formerly group president of ING’s US Worksite and Institutional Services, was appointed CEO of US Wealth Management.

ING’s advisory network is part of US Wealth Management and is among the largest in the industry with around 9,000 representatives.

Along with ING Advisors Network and PrimeVest Securities, the US ING advice network also includes Financial Network Investment, based in California; ING Financial Partners, Iowa; and Multi-Financial Securities, Denver.

As a result of the management reshuffle, Catherine Bonneau, chief operating officer at PrimeVest, was promoted to president, and Kevin Laraia, the chief operating officer at ING Financial Partners, was promoted to that same position at ING Advisors Network, according to reports.

All of ING’s advisory networks in the US are estimated to have around $13 billion in client assets.

ING said the reshuffle was intended to position the wealth management business for growth in the US retirement and defined contribution market.