ING US Insurance, has appointed Alain Karaoglan as new executive vice president, finance and strategy, effective from April 25.

In his new role, Karaoglan will play a key role in the development and implementation of ING Insurance US’s overall strategic direction and IPO readiness, and will be responsible for capital management activities and the development of an investor relations function.

Karaoglan will coordinate closely with Ewout Steenbergen, chief financial officer and will report to Rodney Martin, CEO of ING US Insurance.

In his 24 year career, Karaoglan has been on the front lines of the investment banking industry in corporate finance, M&A and equity research.

He was most recently with American International Group (AIG), where he was head of divestitures and was involved in many transactions, including the IPO of AIA and the sale of ALICO to MetLife.

Martin said Alain has vast experience and expertise with IPOs and other public and private market transactions, and he is widely respected for his comprehensive knowledge of the insurance industry and the global investment community. His skill set complements the strong leadership that is already in place at ING Insurance US.