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							                                                  Rick Nelson
                                     Vice Chairman, CIO Third Party Business

    Large and Mid-Cap               Large Cap Core              Small-Cap Equity         International Equity
         Growth
Uri Landesman                  Gene Lancaric, CFA           Steve Salopek              Uri Landesman
Head of Global Growth          Sr. Portfolio Manager        Head of Small-Cap Equity   Head of Global Growth
                               Fundamental Research*
Richard Welsh, CFA                                          Portfolio Manager          Sr. Portfolio Manager –
Sr. Portfolio Manager          Portfolio Specialists        Joseph Basset Jr., CFA     Value
                               Alan Segars, CFA                                        Philip Schwartz, CFA
Senior Portfolio Manager       Rachael Camargo                                         Sr. Portfolio Managers –
Jeffrey Bianchi, CFA           Susan Viston                 Analysts                   Core
                                                            Chris Askeland, CFA        Carl Ghielen
Analyst                                                     Karthik Radhakishnan,      Martin Jansen
Naveen Bobba                                                CFA
                                                            James Hasso                Analysts
Portfolio Specialists                                       Chris Jennings             Jed Latkin
Susan Barrett                                                                          John Pairaktaridis
Alan Segars, CFA                                            Portfolio Specialist       Jing Sun, CFA
                                                            Susan Barrett              Joseph Vultaggio
                                                                                       Portfolio Specialist
                                                                                       George Loebrich

     Large Cap Value                Large Cap Core           Resources & Specialty      Multi-Asset Strategies
                                       Research                     Strategies              and Solutions
Michael Leskinen, CFA          Chris Corapi, CPA            James Vail                 Paul Zemsky, CFA
Portfolio Manager              Sr. Portfolio Manager        Sr. Portfolio Manager      Head of Multi-Asset
                                                                                       Strategies and Solutions
Fundamental Research*          David Rabinowitz             Portfolio Specialist       Group
                               Deputy Director of U.S.      Susan Viston
Portfolio Specialist           Equity Research              Rachael Camargo            Investment Strategist
Susan Viston                                                                           Brian Gendreau, Ph.D.
Rachael Camargo                Fundamental Research*
                                                                                       Senior Pension Actuary
                               Portfolio Specialist                                    Pierre Couture, A.S.A.,
                               Susan Viston                                            E.A., M.A.A.A.
                               Rachael Camargo
                                                                                       Sr. Quantitative Analysts
                                                                                       Ben Chen, Ph.D., CFA
                                                                                       Eleonora Omarova

                                                                                       Portfolio Specialist
                                                                                       Seth Finkelstein, CFA
                                                                                       Heather Hackett, CFA
                                                                                       Susan Viston
                                                                                       Susan Barrett
                                                                                       Rachael Camargo
                                                                                       George Loebrich

                                                                                       Derivatives Traders
                                                                                       Jody Hrazanek
                                                                                       Jason Rausch
                                                                                       Supports Equity and
                                                                                       Fixed Income

                  Fundamental Research                          Equity Trading            Risk Management
Chris Corapi, CPA              Sector Analysts              Nanette Buziak             Kirby Brown, CFA
Head of Fundamental            Dahniel Buie                 Head of Equity Trading     Head of Investment
Equity                         Kristy Finnegan, CFA                                    Process and Risk
                               Kristin Manning              Enrico Cacciatore          Management
Senior Sector Analysts         Scott Mills                  Michael Fenske
Joan Dillon, Health Care       Adam Murl                    Tom Genkinger              Analyst
Robert Kloss, Finanicals       James Swain, CFA             Jenifer Rizza, CFA         Arun Keswani, CFA
Brian Madonick, Industrials    Christine Wang               Mary Ellen Smith
David Powers, Energy and                                    Victor Torchia
Utilities                                                   Peter Walsh
Michael Pytosh,
Technology & Telecom
Services
Steve Rayner, CFA, CPA,
Financials
Kei Yamamoto, CFA,
Technology




Fredric A. Nelson III
Vice Chairman, CIO Third Party Business




Rick Nelson is Vice Chairman, CIO Third Party Business for ING Investment Management Americas,
which operates in the institutional, managed account and alternative markets. In his role, Rick is
responsible for leading all investment activities across the equity and fixed income platforms. This
encompasses portfolio oversight, investment team review, and managing ING Investment's strategic
Investment Process and Risk Management functions. Rick has over 23 years of investment
management experience. Prior to joining ING Investment Management in 2003, he was with
JPMorgan Fleming Investment Management, Inc., where he was Head of the U.S. Equity Group as
well as a member of the Global and U.S. Executive Committees. Before that he was at Bankers
Trust, where he was part of the Global Investment Management Group and led the Global
Quantitative Applications Group. Rick received his B.S. in economics from the Wharton School of the
University of Pennsylvania and an M.B.A. from the University of Chicago.


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Christopher F. Corapi
Head of Fundamental Equity and
Senior Portfolio Manager




Christopher Corapi joined ING Investment Management in February 2004 as Director of U.S. equity
research and Manager of VP growth and income portfolio. Chris has over 25 years of investment
experience. Prior to joining ING, he was the global head of equity research at Federated Investors.
Previously he was head of U.S. equities and portfolio manager at Credit Suisse Asset Management.
Prior to that, Chris was with JPMorgan Investment Management as head of emerging markets
research and was a U.S. equity analyst at Sanford C. Bernstein & Company. He holds a B.S. in
business administration from Alfred University and is a Certified Public Accountant.

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Kirby Brown, CFA
Head of Investment Process and Risk Management
Kirby Brown is the Head of Investment Process and Risk Management of ING Investment Management
Americas. He oversees fixed income and equity management processes for proprietary and third party
portfolios and leads the firm’s investment risk management efforts. Prior to this role, Kirby was senior
vice president and managing director of ING Investment Management, Canada leading the overall
investment, compliance, and operations efforts in Canada. Kirby is an experienced investment
manager with over 19 years experience, including 11 years in various senior positions with ING. Kirby
joined ING Investment Management in 1994 as vice president and senior portfolio manager. He has
served as head of proprietary advisory services and director, portfolio management, regional
management Europe in the Netherlands. He also served as head of trading research and funds
management for Koch Industries, Inc. and as a portfolio manager for MetLife Investment
Management Corporation. He received his M.B.A. from the Marriott School of Management, Brigham
Young University, and his B.A. from Brigham Young. Kirby holds the Chartered Financial Analyst
designation.

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Steve Salopek
Head of Small-Cap Equity




Steve Salopek joined ING Investment Management in June 2005 from Banc One Investment Advisors,
where he was a portfolio manager directing $700 million in small-cap growth assets. He has worked in
portfolio management and sector research roles for the past 18 years and has extensive experience
with equity research, portfolio management and developing a robust investment process. Reporting to
Head of Fundamental Equity Chris Corapi, Steve is responsible for working with the portfolio
management teams to enhance the approach and structure of the firm’s small-cap equity investment
strategies. Prior to Banc One, he was with Stein Roe & Farnham where he managed small-cap growth
assets for institutional clients. Steve earned his B.S. and M.B.A. from The Ohio State University.

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Uri D. Landesman
Head of Global Growth
Senior Portfolio Manager




Uri Landesman is Head of Global Growth. He joined ING Investment Management in February 2006 as
Senior Portfolio Manager on the international investment team reporting to Christopher Corapi, the
Head of the Fundamental Equity team. Uri has over 23 years of investment experience. Prior to
joining ING, he was the director of global equity research at Federated Investors where he managed
three international large-cap growth funds and two global funds. Previously he was a principal with
Arlington Capital Management where he co-managed a core equity hedge fund and a senior portfolio
manger with JPMorgan Investment Management where he managed a large-cap growth equity
strategy. Prior to that, Uri was an analyst with Great Lakes Capital and Sanford Bernstein. He
received a B.A. summa cum laude from Yeshiva College. He has been the recipient of several industry
citations, including the "Best of the Buy Side " in Institutional Investor and "25 to Watch Over the
Next 25 Years" in Pension & Investments.

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Carl Ghielen, VBA
Senior Portfolio Manager
Carl Ghielen is a Senior Portfolio Manager in the Quantitative Equity Team, where he is responsible for
quantitative equity portfolio management. Carl has 18 years of investment management experience.
Carl joined the firm in 2000 as a Senior Investment Manager in the European Equity team. Carl
started his career in 1990 as Investment Advisor at General Investment Management in Eindhoven,
an independent boutique investment manager. Prior to joining ING Investment Management, Carl
worked from 1994 to 2000 for Mn Services (one of the largest pension funds in the Netherlands) as
Senior Portfolio Manager European Equities. Carl holds a Master’s degree in Economics (focus:
Business Economics) from Tilburg University. Carl holds an RBA degree, a Dutch equivalent to CFA.

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Pieter Schop
Senior Portfolio Manager

Pieter Schop is Senior Investment Manager Equities in the Global Equity Core Team. In his role he
combines stock selection and portfolio management activities. Prior to this position Pieter was a
Senior Investment Manager in the European Equity Team. In this team he was a sector specialist
most recently for the Telecom and Cyclical Services sectors. Moreover, he managed a number of
segregated mandates. He started his career at ING Investment Management in 1996. Prior to ING
Investment Management he worked at Mercer Ten Pas, a consulting firm, where Pieter made
assessments of key institutional investors. He obtained his masters degree in econometrics at the
State University of Groningen in 1994.

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Philip A. Schwartz, CFA
Senior Portfolio Manager




Philip Schwartz is Senior Portfolio Manager for the international value strategy and has 21 years
investment experience, 18 of which covering international markets. Philip is responsible for managing
portfolios as well as designing and implementing the international value investment process. Prior to
joining ING Investment Management in 1993, he was with European investment firm Cheuvreux de
Virieu in Paris and New York. Prior to that, he held positions as a stockbroker in Boston. Philip earned
his B.A. and M.A. degrees in Economics from Boston University and holds the Chartered Financial
Analyst designation.

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James A. Vail, CFA
Senior Portfolio Manager




Jim Vail is Senior Portfolio Manager for special strategies. He has 38 years investment experience. Prior
to joining ING Investment Management in 1991, Jim held investment research positions with Chemical
Bank, Oppenheimer & Co., and Robert Fleming Inc. He received his B.S. from St. Peter’s College and
an M.B.A. in finance from Seton Hall University. He holds the Chartered Financial Analyst designation.

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Richard Welsh, CFA
Senior Portfolio Manager




Richard Welsh is Senior Portfolio Manager for the growth team and has 17 years of investment
management experience. He joined ING Investment Management in 2004 from Columbus Circle
Investors where he was senior investment analyst of their large-cap core and large-cap growth
disciplines. Prior to that, Richard was a portfolio manager with Evergreen Funds and American Century.
He received his B.A. from Boston University and his M.B.A. from New York University. He holds the
Chartered Financial Analyst designation.

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Michael Leskinen, CFA
Portfolio Manager

Michael Leskinen is Portfolio Manager for the large-cap value strategy. He joined ING Investment
Management in 2001 as a Research Analyst covering the financial services sector. Previously, Michael
worked at a variety of positions at Federated Investors, Citigroup and Bank One. He has 7 years of
research and industry experience. Michael received his M.B.A. from the Wharton School of the
University of Pennsylvania graduating a Palmer Scholar. He graduated summa cum laude from Arizona
State with a B.S. in finance and holds the Chartered Financial Analyst designation.

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Eugene Lancaric
Portfolio Co-Manager




Eugene Lancaric has 27 years of investment experience. He joined ING Investment Management in
2001 from Alliance/Bernstein, where he was senior vice president and chief investment officer of the
Regent Investor Services division. He previously held the position of research analyst at Strategic
Economic Divisions, a leading-edge investment research and software development firm. Eugene
worked earlier as a senior global portfolio manager at Swiss Bank Corporation; as a senior portfolio
manager at E.F. Hutton; and as a portfolio manager and analyst at the Chase Manhattan Bank. He has
an extensive background in the application of economic analysis to investment management. Eugene
received an M. Phil. in economics from the City University of New York, and graduated with honors in
sociology from McGill University.

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David Rabinowitz
Deputy Director of U.S. Equity Research and Senior Sector
Analyst, Consumer
David Rabinowitz joined ING in January 2008 as the Deputy Director of U.S. Equity Research and
Senior Sector Analyst covering the consumer sector. David has 21 years of investment experience. He
joined ING from JPMorgan, where he held several equity leadership positions. Most recently, he served
as Director of Emerging Markets Equity Research, and before that, was the Director of Global Sector
Research. Previously, he was a global consumer strategist at UBS Warburg and prior to that, he was a
U.S. equity analyst for Smith Barney and Sanford C. Bernstein & Company. He received a M.A. in
economics from New York University and a B.A. in economics from Yeshiva University.
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Joseph Basset, CFA
Portfolio Manager

Joseph Basset joined ING Investment Management in June 2005. He has 11 years of investment
management experience and 8 years teaching economics and finance at the university level. Joe has
portfolio management responsibilities for our Small-Cap Core strategy and analyst responsibilities for
our Small-Cap Growth strategy. Most recently, he covered semiconductor, information technology, and
communication equipment companies for Banc One, and was an Analyst for the One Group Technology
Fund. Joseph received his B.A. in economics from Tulane University and his M.B.A. and A.B.D. in
finance from the University of Texas. He holds the Chartered Financial Analyst designation.

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Jeffrey Bianchi, CFA
Senior Portfolio Manager




Jeff Bianchi is Senior Portfolio Manager for the growth team. He joined ING Investment Management in
1994 and has 12 years of investment management experience. Prior to his current role, he provided
quantitative analysis for small-capitalization equity strategies. He received a B.A. in economics, a B.S.
in finance, and an M.B.A. in economics from the University of Connecticut. He holds the Chartered
Financial Analyst designation.

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Paul Zemsky, CFA
Head of Multi-Asset Strategies and Solutions Group




Paul Zemsky is the head of ING’s Multi-Asset Strategies and Solutions Group. The team’s mandate is to
develop products and provide investment solutions that go beyond ING’s traditional investment
offerings. The group combines capabilities in derivatives/financial engineering, risk management, asset
allocation, liability modeling and pension accounting and multi-strategy portable alpha. Paul joined ING
Investment Management in 2005 as Head of Derivative Strategies. In this role, he oversaw derivative
strategies for credit, interest rate, and equity products, and supported the organization on a number of
key areas, including product development and risk management for both proprietary and third-party
businesses. Prior to his role at ING, Paul spent 18 years at J.P. Morgan Investment Management,
where he held a number of key positions, including having responsibility for the market timing and
asset allocation for the firm's fixed income business and handling option trading in both the exchange-
traded and over-the-counter markets. He was one of the first on Wall Street to identify the potential
for portable alpha strategies and liability targeted portfolios. Most recently, he co-founded CaliberOne
Private Funds Management, a macro hedge fund. Paul has 21 years of investment experience. He holds
a dual degree in finance and electrical engineering from the Management and Technology Program at
the University of Pennsylvania.

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Pierre Couture, A.S.A., E.A., M.A.A.A.
Senior Pension Actuary




Pierre Couture joined ING in March of 2007 as a Senior Pension Actuary for Multi-Asset Strategies
including traditional asset allocation products, portable alpha strategies, and customized asset/liability
solutions that address clients’ plan level investment objectives. Prior to joining ING, Pierre consulted to
US (public, Taft-Hartley and corporate) and multinational clients seeking integrated financial risk
management advice for their pension plans. He specialized in asset/liability modeling, strategic asset
allocation, funding, and accounting policy diagnostics. Before joining Mercer’s New York office in 1994,
Pierre worked in the Mercer’s Montreal office for over four years. Pierre holds a BSc in actuarial
sciences from Universite Laval in Quebec City. He is an Associate of the Society of Actuaries, an
Enrolled Actuary under ERISA, and a Member of the American Academy of Actuaries.

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Brian Gendreau, Ph.D.
Investment Strategist




Brian Gendreau is an Investment Strategist with ING Investment Management. He is a member of its
asset allocation committee, which sets the investment strategy for over $12 billion in ING’s asset
allocation, lifecycle, and balanced funds. Brian has a B.A. in economics from Northwestern University, a
M.A. from Johns Hopkins School of Advanced International Relations, and a PhD in Business Economics
from the Wharton School. He has taught in the MBA programs at Wharton and New York University,
and has contributed to academic journals in economics and finance. Before coming to Wall Street, he
served as a staff economist with the Federal Reserve Board and the Federal Reserve Bank of
Philadelphia. He worked for JP Morgan, Salomon Smith Barney, and Heckman Global Advisors prior to
joining ING in 2004. Brian appears frequently on CNBC and Bloomberg television and radio.

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Joan Dillon
Senior Sector Analyst, Health Care




Joan Dillon joined ING Investment Management in 2004 as Senior Sector Analyst covering the health
care sector from Equinox Capital Management where she was senior analyst for the health care and
consumer staples sectors. Previously, Joan was a health care analyst with Dreyfus Corporation,
JPMorgan, and CS First Boston. She began her career as a quantitative research specialist at CS First
Boston. She has 21 years of professional experience, including 14 years as an analyst in the
investment business. Joan earned a B.S. (magna cum laude) in finance and computer information
systems (double major) from Manhattan College and an M.B.A. in finance from New York University,
Stern School of Business.

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Robert M. Kloss
Portfolio Manager and Senior Sector Analyst, Financial
Services




Bob Kloss is Co-Manager of the ING Financial Services Fund and is also a Senior Sector Analyst on the
fundamental equity research team, covering the financial services sector. He has 19 years of
investment experience. Since joining ING Investment Management in 1992, Bob has served as equity
analyst and portfolio manager for a variety of value-oriented funds. Previously, he was a principal of
Phoenix Strategies, an investment management and consulting firm. He began his career with Wells
Fargo Credit Corporation. Bob received both a B.A. and M.S. in economics from Arizona State
University.

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Brian Madonick
Senior Sector Analyst, Industrials and Materials




Brian Madonick joined ING Investment Management in 2004 as a Senior Sector Analyst covering the
industrials and materials sector. Brian has over 14 years of investment experience. Prior to joining ING
Investment Management, he spent four years as the industrials analyst at U.S. Trust. Prior to that, he
was a senior analyst at Bear Stearns. Brian received a B.A. from SUNY Binghamton.

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David Powers
Portfolio Manager and Senior Sector Analyst, Energy and
Utilities


David Powers joined ING Investment Management in June 2007 as a Senior Sector Analyst on the
fundamental research team, currently covering the energy and utilities sectors. David is also Co-
Manager of the ING Global Natural Resources Fund and Co-Manager of the ING Equity Dividend Fund.
David has over 11 years of investment experience including over 9 years as a global energy analyst.
He joined ING from Federated Investors where he held several senior investment positions including
portfolio manager. Prior to that, he was associate director of research for global equities. David began
his investing career at the State Teachers Retirement System of Ohio and held numerous positions
including co-portfolio manager. David earned a B.S. in Accounting from Fairleigh Dickinson University
and a M.S. in Accounting and an M.B.A. in Finance from Kent State University. David holds the
Chartered Financial Analyst designation.

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Michael Pytosh
Senior Sector Analyst, Technology, Media and Telecom
Services
Michael Pytosh joined ING Investment Management in 2004 and is responsible for covering the
technology and telecom sector. Previously he had been president of Lincoln Equity Management, LLC
and a technology analyst. Prior to that, Michael was a technology analyst at JPMorgan Investment
Management and an analyst at Lehman Brothers. Michael started his career at American Express. He
has 21 years of professional experience, including 16 as an analyst in the investment business. Michael
has a B.S. degree in accounting from Arizona State University and is a member of the Institute of
Electrical and Electronic Engineers.

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Steven L. Rayner, CFA, CPA
Portfolio Manager and
Senior Sector Analyst, Financial Services




Steve Rayner is Co-Manager with Bob Kloss of the ING Financial Services Fund, and is also a Senior
Sector Analyst on the fundamental equity research team, covering the financial services sector. He has
13 years of investment experience, focusing primarily on the financial services sector. Prior to joining
ING Investment Management in 1995, Steve was a senior auditor with KPMG Peat Marwick in San
Francisco. He received his B.S. from the Haas School of Management at the University of California,
Berkeley and an M.B.A. from the Anderson Graduate School of Management at UCLA. He is a Certified
Public Accountant and holds the Chartered Financial Analyst designation.

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Kei Yamamoto, CFA
Senior Sector Analyst, Technology



Kei Yamamoto joined ING Investment Management in July 2006 and is responsible for covering part of
the technology sector including computer hardware and software, semiconductors, storage and
peripherals. She joined ING from D.E. Shaw & Co. where she was a senior analyst and sector head of
computer hardware for the long short equities group for two years. Before that she was partner and
co-portfolio manager at Mosaic Asset Management, a technology based hedge fund, for four years.
Prior to that, she held senior positions with J. & W. Seligman & Co. and Oppenheimer Funds & Co., Inc.
for three years. Kei has 20 years of investment experience, including 14 years as an analyst in the
investment business. She received an M.S. and B.S. from Massachusetts Institute of Technology for
science and engineering and received her M.B.A. from the University of California. Kei holds the
Chartered Financial Analyst.

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Dahniel Buie
Senior Sector Analyst, Technology

Dahniel Buie joined ING in January 2006 as a Sector Analyst covering the technology sector. He has
seven years of experience as an investment professional. Dahniel joins ING Investment Management
from PTG Capital where he was a proprietary trader. Prior to PTG, he was an analyst in the Private
Client Services Department at Bear Stearns. Before that, he was a Jr. Research Associate in the Equity
Research Department at Morgan Stanley. Dahniel received a B.A. in Business Administration with a
concentration in Finance from Morehouse College where he attained Magna cum laude and Phi Beta
Kappa honors.

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Kristy D. Finnegan, CFA
Sector Analyst, Technology and Telecom
Kristy Finnegan is a Research Analyst on the fundamental research team covering the technology and
telecom sector. She joined ING Investment Management in 2001 and has six years of investment
experience. Previously she was an investment analyst at SunTrust Equitable Securities in Nashville,
Tennessee. She received a B.S. in economics from Vanderbilt University. She holds the Chartered
Financial Analyst designation.

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Kristin Manning
Sector Analyst, Financial Services


Kristin Manning is an Analyst on the fundamental research team covering the financial services sector.
She has five years of experience in the financial services industry. Prior to joining ING Investment
Management in April 2006, she was a research analyst at Wells Capital Management responsible for
the financials, autos, IT services and utilities sectors. Kristin received a B.S. in business administration
from the University of Nebraska. She is a level III Chartered Financial Analyst candidate.

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Adam Murl
Sector Analyst, Consumer Discretionary and Staples

Adam Murl joined ING Investment Management in January 2006 after a multi-month temporary
assignment. He will be serving as Sector Analyst on the fundamental research team, covering the
discretionary and staples sector. He has nine years of professional experience. Adam joined ING
Investment Management from Westlb Structured Finance where he completed an internship position as
an analyst in the media, entertainment and telecom group. Prior to that he was an intern at GE Energy
Financial Services. His other experience includes product manager at Borgfeldt Importing Ltd. In
Toronto and various positions with Credit Suisse First Boston in Zurich. He received a Master of
international affairs from Columbia University, a degree in finance from Queen’s University in Ontario,
and completed a Canadian Securities Course on the Toronto Stock Exchange.

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Scott Mills
Sector Analyst, Health Care

Scott Mills is an Analyst on the fundamental research team covering the health care sector. He has
over five years of experience in the financial services industry. Prior to joining ING Investment
Management in 2005, he worked at Morgan Stanley in the Financial Control Group. His previous
experience included positions with KPMG as an international tax analyst and Bloomberg as a financial
research analyst. Scott received a B.S. with honors in finance from Rutgers University.

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Jamie Swain, CFA
Sector Analyst, Financial Services

Jamie Swain joined ING Investment Management in 2002 from Strong Capital Management where he
was a high yield bond analyst. Previously, he was a bank examiner with the FDIC. Jamie has over 14
years of investment-related experience. He received a Bachelors Degree in business administration
from the University of Missouri-Kansas City, M.B.A. from Indiana University and holds the Chartered
Financial Analyst designation.

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Christine Wang
Sector Analyst, Industrials and Materials
Christine Wang joined ING Investment Management in 2004 as a Research Analyst on the
fundamental research team. She has four years of investment experience. Prior to joining ING, she
was an equity sales associate at Bear Stearns. She received a B.S. in finance & international
business from New York University, Stern School of Business.

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Naveen Bobba
Growth Research Analyst

Naveen Bobba joined ING Investment Management in July 2005 as a Research Analyst on the growth
team. He has 8 years of investment research experience. Naveen was most recently a member of
Bear Stearns technology research team. Prior to that he worked at ABN AMRO as a summer
associate assisting the computer software analyst. He began his career at Sagar & Associates,
Chartered Accountants in Hyderabad, India. Naveen earned a B.S. in mathematics and physics from
JKC College, Nagarjuna University, Guntur, India, Certificate in Statistical Methods and Applications
from the Indian Statistical Institute (Hyderabad Center), Calcutta, India, and M.B.A. in finance from
the University of Rochester.

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Jed Latkin
Senior International Research Analyst

Jed Latkin is an Analyst for the international team covering emerging markets reporting to Uri
Landesman, Head of International Equities. Jed joined ING Investment Management in April 2006
and has 11 years of investment experience. His previous experience includes Trokia Dialog, Morgan
Stanley, Fleet Boston and Citicorp Securities. He received a B.A. in political science and history from
Rutgers University and an M.B.A. in finance/statistics from Columbia Business School.

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John Pairaktaridis
Senior International Research Analyst

John Pairaktaridis is an Analyst for the international ADR strategy. He has eight years of investment
experience. Prior to joining ING Investment Management in 2004, he was a portfolio analyst at
Neuberger Berman. He has a B.S. degree in finance from New York University, Stern School of
Business.

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Jing Sun, CFA
Senior International Research Analyst

Jing Sun is an Analyst for the international team covering Japan. He has over 20 years of investment
experience. Most recently he was with Trigram Capital Management as portfolio manager for their
Global Equity strategy. Previously, Jing was Managing Director, Sector Portfolio Manager for TIAA-
CREF. Prior to that he was Senior Equity Research Analyst for Alliance Capital Management. Jing
received a Bachelors degree, in Engineering, Cum Laude, from the City College of New York, a
Masters of Science in Electrical Engineering from Columbia University, and a MBA from The Wharton
School. He also holds the Chartered Financial Analyst designation.

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Joseph Vultaggio
International Research Analyst
Joseph Vultaggio is an Analyst for the international ADR strategy. Joseph has 12 years investment
experience and is responsible for the European markets. Joseph joined ING Investment Management
in 1994. He received a B.S. degree in finance from Trenton State College and M.B.A. in finance at
Rutgers Graduate School of Management.

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Ben Chen, Ph.D., CFA
Senior Quantitative Analyst
Ben Chen joined ING Investment Management in July 2007 as a Senior Quantitative
Analyst. He has 11 years of experience in the financial services industry. Most
recently, Ben worked for the Structured Derivatives Strategies Group at ING Annuities
where he designed a sophisticated quantitative fund analytics framework to evaluate
fund managers and construct multi-asset fund portfolio for variable annuity business,
developed hedging strategies for performance guarantees offered in variable annuity
products. Prior to that, he was a senior quantitative analyst responsible for risk and
portfolio management at Starview Capital Management, a fund of hedge funds.
Previously he worked for Guzman & Company in Miami where he spent 5 years
conducting market microstructure research for its institutional clients and developing
investment strategies for its proprietary trading desk. Ben holds a B.A. in economics
from Xiamen University and a M.A. in Economics from Peking University, both in
China. He earned his Ph.D. in economics from Syracuse University and holds the
Chartered Financial Analyst designation.

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Eleonora Omarova
Senior Quantitative Analyst

Eleonora (Nora) Omarova joined ING Investment Management in July 2007 as a
Senior Quantitative Analyst in the Multi-Asset Strategies and Solutions Group. Nora
has nine years of financial experience. Prior to joining ING, she worked as a senior
global risk analyst with Citigroup. She developed Citigroup internal sovereign rating
and currency devaluation models, and a methodology for setting limits on options
vega exposure for proprietary trading portfolios. Prior to Citigroup, she worked for
Travelers Investment Group, where she developed a sovereign bond model to predict
spread movements and determine investment strategy for an emerging markets
portfolio. Nora holds a M.A. degree from Columbia School of International Affairs, a
M.S. in Finance from Columbia Business School and is a Ph.D. candidate in Finance at
Columbia Business School. She is a recipient of the National Association for Business
Economics Contributed Paper Award for her publication in the Business Economics
journal.

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Arun Keswani, CFA
Risk Management Analyst

Arun Keswani joined ING Investment Management in April 2006 as a Risk
Management Analyst for the investment process and risk management group,
reporting to Kirby Brown. He has six years of investment related experience. Prior to
joining ING, he was an analyst for quantitative and multi-strategies with Goldman
Sachs & Co. He also worked four years as a systems analyst with Investment Banking
Division. Arun received a M.S. degree in chemical engineering from Pennsylvania
State University and a B.S. from Purdue University. Arun has been published in "New
J. Physics" in 2004 and holds the Chartered Financial Analyst designation.

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Chris Askeland, CFA
Small-Cap Research Analyst

Chris Askeland joined ING Investment Management in June 2005. He has 16 years of
financial services experience, 6 years as an equity analyst. With Banc One, he
provided sector research on communications services companies and developed
quantitative financial models for identifying leading indicators for sector analysis. Chris
received his B.A. from Michigan State University and his M.B.A. from Indiana
University. He holds the Chartered Financial Analyst designation.

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James A. Hasso
Small-Cap Research Analyst

James Hasso joined ING Investment Management in February 2006. He has 12 years
of investment management experience, and 10 years as an equity analyst. Prior to
joining ING, James worked at First Investors Corporation, Valenzuela Capital Partners,
Mitchell Hutchins Asset Management, Spears, Benzak, Salomon & Farrell and
American International Group in research analyst/associate portfolio manager
capacities. He received his B.A. in economics from Lehman College and his M.B.A. in
finance from Fordham University.

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Chris Jennings
Small-Cap Research Analyst

Chris Jennings joined ING Investment Management in February 2006. He has 14 years
of investment management experience. Prior to joining ING, Chris worked at Credit
Suisse Asset Management as Director, Small-Cap Technology Analyst. Chris held a
similar role as Director, Technology Analyst at Saranac Capital Management, LP, and
Salomon Brothers. He received his Bachelor’s degree in American literature from
Middlebury College and an M.B.A. from Leonard N. Stern School of Business at New
York University.

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Karthik Radhakrishnan, CFA
Small-Cap Research Analyst
Karthik Radhakrishnan joined ING Investment Management in May 2007. He has over
six years of investment experience and was previously a senior research analyst at
Eagle Asset Management covering health care. Prior to that, he was a senior equity
analyst for Diamond Capital Management, part of the Dow Chemical Company. He
began his financial career at Latona Associates as a corporate finance associate. He
received a Bachelor of Science in chemical engineering from the Indian Institute of
Technology and a Masters of Science degree in civil and environmental engineering
from the State University of New York at Buffalo. He also received a Master of
Business Administration from the University of Michigan Business School. He holds the
Chartered Financial Analyst designation.

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Seth D. Finkelstein, CFA
Senior Portfolio Specialist
Seth Finkelstein is the Senior Portfolio Specialist responsible for Multi-Asset Strategies
including traditional asset allocation products, portable alpha strategies, and
customized asset/liability solutions that address clients’ plan level investment
objectives. Additionally, Seth has oversight responsibility for the broader team of
Portfolio Specialists based in New York, and is involved extensively in new product
development in the institutional as well as structured product arenas. Seth joined ING
Investment Management in 2005 as Senior Portfolio Specialist, responsible for a
variety of Fundamental Equity strategies, including the 130/30 Fundamental Equity
strategy, Research Analyst Portfolio, and sector-specific portfolios.

Seth has 12 years investment experience spanning a variety of traditional and
alternative asset classes, and has worked with a broad spectrum of retail and
institutional client segments. Prior to joining ING, Seth was with Seneca Capital
Management where he served as a portfolio advisor on the firm’s growth equity and
domestic fixed income strategies. Earlier in his career, Seth was a lead product
manager for JPMorgan Investment Management’s retirement business. He graduated
summa cum laude with a B.B.A. in finance from Baruch College and holds the
Chartered Financial Analyst designation.

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Martin Jansen
Senior Portfolio Specialist




Martin Jansen is Senior Portfolio Specialist with primary responsibility for international
equities. Martin has 27 years of investment experience. Most recently, he was
responsible for managing the transition of the U.S. equity trading facility and U.S.
equity assets from ING Investment Management The Hague to ING Aeltus. He joined
ING in 1997 as senior manager to co-manage U.S. equity portfolios and was named
head of the U.S. equity team in 1999. Prior to joining ING, Martin was responsible for
the U.S. equity and venture capital portfolios at a large corporate Dutch pension fund.
He received a Bachelor of Commerce and M.B.A. from the University of the
Witwatersrand, South Africa.

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Alan D. Segars, CFA
Senior Portfolio Specialist




Alan Segars is Senior Portfolio Specialist for the growth and large-cap core teams.
Alan joined ING Investment Management in 1993 and has 37 years of investment
experience. Before joining ING, Alan was the managing partner responsible for
institutional investment at Grigsby Branford Capital Partners. Previously, he was head
of institutional fixed income investments at Irving Trust and Bank of New York. He
began his career as an equity analyst at Manufacturers Hanover Trust, and later
became head of fixed income there. Alan holds a B.A. in economics from the City
College of New York and an M.B.A. in finance and investments from Bernard M.
Baruch College, City University of New York. He holds the Chartered Financial Analyst
designation.

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Susan Barrett
Portfolio Specialist




Susan Barrett joined ING Investment Management in 2004 as a Portfolio Specialist
supporting the large and mid-cap growth, large-cap core research, small-cap, large-
cap value, and fixed income teams. She has 12 years of investment experience.
Susan joined ING from Focus Investment Group, a fund of hedge funds, where she
was responsible for marketing and client servicing. Previously, Susan was with Credit
Suisse Asset Management for over five years serving in various capacities, including
manager of the RFP group. Prior to that, she was an investment assistant with
Bankers Trust. She received her B.A. in economics from Villanova University.

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Rachael Camargo
Portfolio Specialist

Rachael Camargo is a Portfolio Specialist supporting ING’s fundamental equity and
multi-asset strategies and solutions. She has six years of experience in the financial
services industry. Rachael joined ING Investment Management in 2001 as a senior
publisher in marketing. She received a B.F.A. (summa cum laude) from Carnegie
Mellon University and an M.B.A. from New York University’s Stern School of Business.

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Heather Hackett, CFA
Portfolio Specialist




Heather Hackett joined ING Investment Management in August 2005 as a Portfolio
Specialist supporting the international equity and asset allocation teams. She has 12
years of investment experience. Most recently, Heather was an analyst in the
consulting group of Smith Barney. Earlier in her career, she was a registered sales
assistant with Schroder & Co. Heather graduated magna cum laude with a B.S. in
business economics from State University College at Oneonta. She holds a Chartered
Financial Analyst designation.

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George Loebrich
Portfolio Specialist

George Loebrich joined ING Investment Management in January 2007 as a Portfolio
Specialist supporting the International Equity and Asset Allocation teams. He has 4
years of investment experience. Prior to joining ING Investment management, George
was an internal wholesaler for ING Financial Advisors. George graduated with a B.S. in
financial economics from the State University of New York at Binghamton.

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Susan Viston
Portfolio Specialist




Susan Viston is the Portfolio Specialist for several Fundamental Equity strategies
including Large-Cap Core Research, Research Analyst Strategy, 130/30 Fundamental
Equity, Large-Cap Value and sector-specific portfolios. She has 6 years of investment
experience. Susan joined ING Investment Management in 2002 as an operations
analyst focusing on soft-dollar reconciliation and worked most recently as a
performance attribution specialist in the ING Investment Risk Department. She
received a B.A. in economics from Drew University.

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Jim Griffin
Economic Consultant and Portfolio Strategist

Jim Griffin is Economic Consultant and Portfolio Advisor to ING Investment
Management. He is editor of ING Investment Weekly, the company's well-regarded
newsletter which has been frequently excerpted in Barron’s Market Watch column. His
commentaries are published weekly on the RealMoney site of TheStreet.com, a
leading on-line investment website where he has been a weekly contributor since
1997. His 36 years of experience as an observer of money, bond, equity, currency and
commodity markets serves as the wellspring for his commentaries. He is a monthly
contributor to the Blue Chip Financial Forecasts survey and is quoted often in The Wall
Street Journal, Business Week, Bloomberg, Fortune, and other financial media. Jim
retired in 1999 from his position as chief investment strategist at Aeltus, an ING
Investment predecessor firm. He was previously chief economist for Aetna Life and
Casualty and served as its chief portfolio strategist for asset allocation for pension
clients. Prior experience includes his money market economist role at Hartford
National Bank and service as an intelligence officer in the US Army. He has B.A. and
M.A. degrees in international economics from the University of Connecticut, and has
served on the adjunct faculties of the University of Hartford and the Hartford Graduate
Center. He is past vice chairman of the Governor’s Economic Conference Board, and
chaired the education subcommittee of the Connecticut Progress Council sponsored by
the Connecticut General Assembly.

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Nanette Buziak
Head of U.S. Equity Trading
Nanette Buziak joined ING Investment Management as Head of U.S. Equity Trading in
March 2005. In this role, she is responsible for all equity trading operations and
focuses on working with the trading desk, portfolio managers and analysts in
streamlining trading-related functions. She has centralized ING Investment
Management's domestic equity trading in New York, and is focused on enhancing the
information flow between investment professionals, and further integrating trading
into the Alpha generating investment process. Nanette has 15 years of experience in
trading and portfolio management. She joined ING Investment Management from
JPMorgan Fleming Asset Management where she was a senior portfolio manager
responsible for the structured equity portfolios. There she leveraged her extensive
skills in trading and market insights to determine the best mechanism for executing
portfolio strategy such as block trading, crossing networks and package trading. Her
previous experience includes roles as trader and portfolio manager for First Marathon
America, Inc.'s domestic convertible bond arbitrage portfolio and as a member of the
program trading team. Prior to this she was a financial analyst at Bear Stearns &
Company, Inc. Nanette received a B.B.A. in applied actuarial mathematics from
Bryant College in May 1993.

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Victor Torchia, Jr.
International Trader

Victor Torchia has 27 years of investment experience. He is a senior trader for
international equities. Prior to joining ING Investment Management in 1993, Victor
was a trader with Wellington Management Company, Axe-Houghton Management,
Nomura Securities, and Asiel & Co. Victor received his B.S. from Manhattan College
and M.B.A. in finance from Sacred Heart University.

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Enrico Cacciatore
Senior Trader

Enrico Cacciatore joined ING Investment Management in February 2008 as a Senior
Trader supporting the quantitative equity team and program trading for the U.S.
fundamental equity team. He has 10 years of investment experience. Prior to joining
ING Investment Management, Enrico was at TradeTrek Securities LLC, a sell-side
agency only algorithmic trading broker/dealer, where he was Managing Director and
Head Trader. His responsibilities included managing the development, build-out, and
implementation from the ground up of the firm’s algorithmic trading desk. Enrico also
worked for 6 years at Fidelity Investments in New York City as an equity trader. Prior
to his investment experience, Enrico was a Captain in the U.S. Army serving with the
5th Special Forces, as well as other Special Operation Forces throughout the U.S. and
Middle East. Enrico earned his B.S. in Mechanical Engineering (Aerospace Systems)
from the United States Military Academy at West Point, as well as graduate studies in
Computational Finance from Carnegie Mellon University.

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Michael J. Fenske
Senior Trader

Mike Fenske joined ING Investment Management in June 2005. He has 10 years of
trading experience. Previously, Mike was senior buy-side equity trader at Sanford C.
Bernstein & Co. He has worked at Dreman Value Management, Fahnestock & Co. and
Cantor Fitzgerald & Co. Mike earned a B.A. in history from the University of Delaware.

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Thomas C. Genkinger
Trader

Tom Genkinger joined the ING Investment Management Equity Trading team in
August, 2006. He has over eight years of investment experience at Prudential
Securities where he had a variety of trading responsibilities, most recently as Vice
President and senior trader for healthcare, responsible for trading and making
markets in HMO, hospitals, distributors and medtech stocks. He also managed the
firm's healthcare sector capital and directly supported the acquisition of new customer
business. Tom received a B.S. in finance from the University of Scranton and holds
NASD series 7, 55 and 63 licenses.

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Jody Hrazanek
Derivatives Trader

Jody Hrazanek joined ING Investment Management in October 2005. She has 13
years of investment-related experience. In her current role she is a derivatives trader
with responsibility for ING’s third-party business as well as the firm’s general account.
Prior to joining ING, she was a convertible bond trader at Advent Capital Management.
She had previously been a convertible bond and risk arbitrage trader at Merrill Lynch
Quantitative Advisors and Deutsche Bank Asset Management and an analyst at
Goldman Sachs. Jody graduated Summa Cum Laude from Fairfield University with a
B.S. in mathematics and received a M.S. in statistics and operations research from
New York University.

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Jason Rausch
Derivatives Trader

Jason Rausch joined ING Investment Management in April 2007 with 4 years of
experience in the investment management industry. Jason came from Jennison
Associates where he most recently worked as a Portfolio Assistant. Jason graduated
with a B.S. in Finance from Marist College, a B.B.A. in Accounting from Dowling
College and is awaiting application approval by the CFA Institute after passing Level 3
of the Chartered Financial Analyst exam in June 2006.

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Jenifer Rizza, CFA
Trader

Jenifer Rizza has 18 years of investment experience and joined ING Investment
Management in 1994. Previously, Jenifer was an international equity analyst and
trader, specializing in the Far East, and before that was liaison and facilitator between
the president of ING and the investment community. Earlier, she worked as a short-
term fixed income trader. Jenifer received a B.S. in finance from Fairfield University
and an M.B.A. in finance from the University of Hartford. She holds the Chartered
Financial Analyst designation.

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Mary Ellen Smith
International Trader

Mary Ellen Smith joined ING Investment Management in 2002. She has 26 years of
experience in the investment industry. Her career as a trader began in 1985 where
she was responsible for equity trading for global and international strategies. Mary
Ellen received a B.A. in sociology, a Masters in social work and an M.B.A. in finance
from New York University.

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Peter Walsh
Senior Trader

Peter Walsh has 16 years of investment experience. Prior to joining ING Investment
Management in 1994, he worked for Grantham, Mayo, Van Otterloo & Co. Peter
received a B.S. in finance from Bentley College. Top

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