Morgan quits ING

Victoria Young
— 1 minute read
Life office ING Australia has lost its third senior staff member in two weeks.
ING Advice executive director Colin Morgan has quit after 12 years with the company.

Morgan was responsible for ING Australia (INGA) financial advice groups RetireInvest, Tandem Financial Services, Millennium3 and ING Financial Planning.

He also oversaw ING self managed super funds service provider Super Concepts.

"His mandate was to come in and make [the dealer ING groups] run really smoothly," an ING Australia spokesman told InvestorDaily.

"He's done a good job of transforming the dealer groups so they now run themselves. Having done that, it's mission accomplished."

From December 1, INGA Employer Super executive director Ross Bowden will sit on the board of each dealer group. Morgan will leave at the end of the year.

From 2001 to early 2004 Morgan was general manger of ING's life company and its network of 1500 advisers in Italy. 

He has more than 20 years' experience in financial services.

The news of Morgan's departure comes a week after the departure of ING Australia sales and marketing executive Dan Powell after three years.

INGA head of distribution and research Ross Barnwell will succeed Powell on March 1.

Two weeks ago INGA chief executive Paul Bedbrook announced his departure after four years in the job.  

Bedbrook was promoted to ING Asia Pacific chief executive with responsibility for Australia, New Zealand, Japan and Malaysia. 


He will move to Hong Kong on May 1.  

Morgan will plan his next move after having some time off.


Morgan quits ING
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