Appointments Baring Asset Management

Baring Asset Management (B.A.M.), part of ING Asset Management, appoints David Brennan as Chairman and Chief Executive per 1 July 2002. He will succeed John Bolsover who retires as Chairman and Chief Executive at the end of June after 27 years with the group.

David Brennan has been with B.A.M. for 14 years and has been Chief Executive of the Investment Management Group within B.A.M. for the last 5 years. David Brennan was appointed Deputy Chairman of the Group in 2001.

Peter Wolton will be replacing David Brennan as Chief Executive of the Investment Management Group per 2 April. He was Head of Retail at Schroders between 1998 and 2001. Prior to that, he was Chairman of Schroder Investment Management (Japan) Limited.

(source: ING Group)

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