Christine Hurtsellers, CFA Chief Investment Officer Fixed Income and Proprietary Investments Global Rates Chris Diaz, CFA Tanweer Akram, Ph.D. Ernie Tang Andrew Higley, CFA Esther Yang, CFA, FSA Kevin Moose Credit Matt Toms, CFA Global High Yield Dan Doyle, CFA Randall Parrish, CFA Robert Stiles, CFA A. Banu Elizondo Scott Frost, CFA Jeff Nicholson Rick Cumberledge, CFA U.S. Credit Mike Hyman Kurt Kringelis, CFA, CPA, J.D. Travis King, CFA Anil Katarya, CFA Todd Schomberg, CFA Matt Brill, CFA Spencer Phua, CFA Corinne Krincek, CFA J.D. Rieber, CFA Rob Turner Cliff Andrus Structured Finance Mortgage Derivatives Peter Guan, Ph.D. Ken Haim, CFA Paul Chen, CFA Yingli Zhu, C.F.A., Ph.D. Ed Groote, CFA Tracy McCullough, CFA Virna Allen Tao Tang Residential MortgageBacked Securities Jeff Dutra, CFA Justin McWhorter, CFA, CPA Non-Agency MortgageBacked Securities Dave Goodson Tim McCrady, CFA Jake Lowery Anthony Routh Commercial MortgageBacked Securities Colin Dugas, CFA John Edwards Portfolio Specialists and Client Portfolio Managers Sean Banai, CFA Albert "Bud" Hancock III Bob Kase, CFA Robert Kinsey Gil Mathis Lloyd Flood Tom Voglewede Catherine Reimer Mousumi Chinara Robert Thomson Russ Faulkner Rawis Morrow Emerging Markets Gorky Urquieta Victor Rodriguez, CFA Marcelo Assalin, CFA Ken Hessel, CFA Money Market David Yealy Todd Bates, CFA Aprille Johnson Managed Accounts Rick Kilbride Karen Cronk Jeff Boundy Toby Tolino Luis Olguin, CFA Elizabeth Allina Quantitative Research and Portfolio Analytics Michael A. Mata Brian Timberlake, CFA, Ph.D. Stephen Pounds Raj Makhija Risk Management Suresh Krishnamoorthy Rao Casturi Peter-Paul Hoogbruin Gang Ma, CFA, FSA Jun Ma, CFA Tian Mu Asher Proschansky Brad Taylor, CFA, FSA Michelle Wei Jason Blake Abhishek Sinha Data Integrity Jon Julian Vince Baria, CFA Paul Buren Barbara Forssell Louis Sarasohn Christine Hurtsellers, CFA Chief Investment Officer, Fixed Income and Proprietary Investments Years of investment experience: 22 Christine Hurtsellers is Chief Investment Officer, Fixed Income and Proprietary Investments for ING Investment Management, a position she accepted in January 2009. She joined the firm in 2005 and was a principal member of the senior management team that engineered the integration of the proprietary and public fixed income management teams at ING IM in 2008, and she has considerable experience directing portfolio and sector strategy across fixed income asset classes. In an earlier assignment as Head of Structured Finance, her mortgage-backed securities team was responsible for the highly successful track record of ING's proprietary mortgage derivatives portfolios from 20052008. Before joining ING IM, she had extensive mortgage portfolio management experience, most notably at the Federal Home Loan Mortgage Corporation ("Freddie Mac"), where she managed ARM, MBS, CMO and mortgage derivatives portfolios. Previously she had been a portfolio manager at Alliance Capital Management and Banc One. Christine received her undergraduate degree from Indiana University, and holds the Chartered Financial Analyst designation. Top Tanweer Akram, Ph.D. Senior Economist, Global Rates Years of investment experience: 9 Tanweer Akram is vice president and economist in the Global Rates department of ING Investment Management. He conducts research on macroeconomic developments in the U.S. and other major advanced economies. Prior to joining ING in September 2006, he worked for Moody’s Economy.com where he was a senior economist responsible for analysis of global macroeconomic developments and foreign direct investment and trade issues. In addition, he covered the international steel industry and the Alaska, Hawaii, and U.S. Virgin Islands economies. He had earlier also worked for the Investment Climate Department of the World Bank, A.T. Kearney’s Global Business Policy Council, and the Asia Department of the International Monetary Fund. He was a Visiting Research Fellow at the Centre for Policy Dialogue in Bangladesh and has taught at Barnard College and Columbia University in the United States. His research papers and reviews have been published in various peer-review journals, including Applied Economics, Applied Economics Letters, Bangladesh Development Studies, Global Journal of Economics and Finance, Journal of Asian Business, Journal of Bangladesh Studies, Journal of Emerging Markets, Journal of Third World Studies, Kyklos, Savings and Development, and Third World Quarterly. Tanweer received his B.A. in economics from Grinnell College, Iowa, his Masters’ degree in economics from the London School of Economics in the U.K., and his Ph.D. in economics from Columbia University in New York. Top Virna Allen, CPA Senior Financial Analyst, Structured Finance Years of industry experience: 14 Virna Allen is a senior financial analyst with the MBS and ABS team. Prior to joining ING Investment Management in 2001, she was a business analyst with SunTrust Robinson Humphries. She began her career with SunTrust Banks, Inc. Virna received her B.B.A. in accounting from Georgia State University. Top Elizabeth Allina Portfolio Specialist Years of industry experience: 7 Elizabeth Allina is a Portfolio Specialist supporting ING’s Fixed Income Managed Accounts strategies. Elizabeth joined ING in 2007 as an Institutional Sales Specialist where she cultivated new business relationships with current and prospective corporate institutional clients. Prior to joining ING Investment Management, Elizabeth worked as an institutional equity market maker for a subsidiary of RBC Dain Rauscher. She also worked for GE Capital in the Corporate Finance (FMP) Financial Management Program. Elizabeth received her B.S. in Finance, International Business and Entrepreneurship from Indiana University’s Kelley School of Business. Elizabeth is Six Sigma Certified and holds the series 7, 63, and, 55 licenses. Top Cliff Andrus Assistant Portfolio Manager, U.S. Credit Years of investment experience: 6 Cliff Andrus is an Assistant Portfolio Manager, focusing on the management of structured credit products across multiple client mandates. His responsibilities include portfolio construction, security selection, relative value, and credit monitoring. Prior to joining ING Investment Management in 2006, he was a pension actuary with Watson Wyatt Worldwide in Chicago. Cliff received a Bachelor’s Degree in engineering from the University of Illinois at Urbana-Champaign and a Master’s Degree in Quantitative & Computational Finance from the Georgia Institute of Technology. Cliff is a Chartered Financial Analyst Level III candidate. Top Marcelo Assalin, CFA Portfolio Manager, Emerging Markets Years of investment experience: 15 Marcelo is a Portfolio Manager on the ING IM Global Emerging Markets Debt Team. Prior to joining the EMD Team, he was the Chief Investment Officer of SulAmerica Investimentos, ING’s asset management joint venture operation in Brazil, where he worked for 13 years. Marcelo started his career as a Credit Analyst at BankBoston in Sao Paulo in 1993, covering Brazilian companies. Marcelo holds a Bachelors Degree in Business Administration and Accounting from Universidade de Sao Paulo and holds the Chartered Financial Analyst designation. Top Sean Banai, CFA Client Portfolio Manager Years of investment experience: 10 Sean Banai is a Client Portfolio Manager for ING Investment Management. He is responsible for overseeing the implementation of the overall portfolio construction of the fixed income stable value strategy. Prior to his current role, Sean was head of Quantitative Research for Proprietary Fixed Income. Prior to joining ING Investment Management in 1999, he was a partner in Private Sector. Sean received a B.A. in actuarial science from Georgia State University and holds the Chartered Financial Analyst designation. Top R. Vincent Baria, CFA Manager, Risk Management Years of investment experience: 12 Vince Baria is Head of Proprietary Performance and Attribution for ING Investment Management. He is responsible for performance measurement and attribution for Proprietary Fixed Income investments as well as external risk reporting. Prior to joining ING Investment Management in 2001, he held roles within quantitative credit risk management, capital markets, and large corporate lending for Wachovia Bank. Vince received both his B.E. in mechanical engineering and mathematics and M.B.A. in finance from Vanderbilt University. Vince holds the Chartered Financial Analyst designation. Top Todd Bates, CFA Portfolio Manager, Money Market Years of investment experience: 12 Todd Bates is a Portfolio Manager for ING Investment Management. He is part of the Money Market team responsible for all of the ING Money Market Funds and several cash management accounts. Prior to joining ING Investment Management, he was associate director for taxable money market research at Evergreen Institutional Asset Management. He has also held analyst positions with Mariner Post-Acute Network, Inc. and ABN AMRO Bank. Todd received his B.A. in political science from Duke University. He holds the Chartered Financial Analyst designation. Top Jason Blake Analyst, Risk Management Years of investment experience: 2 Jason Blake is an analyst focusing on risk systems integration and fixed income risk analytics. Prior to his current position Jason worked with the mortgage backed securities/collateralized mortgage obligations team. Jason received his M.B.A. from the Georgia Institute of Technology. Top Jeff Boundy Portfolio Manager Years of investment experience: 25 Jeff Boundy is Portfolio Manager, with a focus on municipal bonds. He brings to his role more than 25 years of experience in equity and fixed income trading and operations. Since joining ING Investment Management in 1996, he has held a variety of trading and operational responsibilities. Previously, he was with Morgan Stanley Asset Management. He received a B.B.A. from Baruch College. Top Matt Brill, CFA Portfolio Manager, U.S. Credit Years of investment experience: 7 Matt Brill is a Portfolio Manager for the Beta Investment Grade and Structured Credit Portfolio. He joined ING Investment Management in 2005 as an Analyst for the CMBS portfolio. Prior to joining ING he was a portfolio associate for Wells Real Estate Funds. Matt graduated magna cum laude from Washington and Lee University with a B.A. in economics. He holds the Chartered Financial Analyst designation. Top Rao Casturi Assistant Vice President, Risk Management Years of investment experience: 7 Rao Casturi is an Assistant Vice President in Risk Management for ING Investment Management. He is responsible for corporate credit reporting and consolidation for the internal risk reporting. Prior to joining ING Investment Management in September of 2006, he was with the GE Asset Management where he worked on portfolio management and structured products reporting as a fixed income application architect. Rao received his M.S. in computer science from the Tula State University, Tula, Russia and B.E in Electronics and Communications from Andhra University, AP, India. Top Paul Chen, CFA Portfolio Manager, Structured Finance Years of investment experience: 5 Paul Chen is a portfolio manager for mortgage derivatives. Prior to joining ING Investment Management in 2007, Paul was an analyst (specializing in mortgages) for Prudential Financial. Paul received a B.S. in Computer Science from the New Jersey Institute of Technology, and an M.B.A. with distinction from NYU’s Stern School of Business. He holds the Chartered Financial Analyst designation. Top Karen Cronk Senior Portfolio Manager Years of investment experience: 24 Karen Cronk is a Senior Portfolio Manager responsible for day to day management of the trading room and implementing trading strategies. Additionally, she manages the fixed income group’s analytics and modeling. Karen joined ING Investment Management in February of 1995. Prior to joining ING, Karen was a senior portfolio manager at Bankers Trust with responsibility for managing short-term portfolios and focusing on the cash needs, goals and guidelines of individual accounts. These accounts included pension plans, corporate treasuries, endowments and public funds. While at Bankers Trust, Karen was a leader in the design and development of a customized client reporting system. Previously, she was the operations manager of a short-term management group at Chemical Bank. Karen is a graduate of Villanova University with a B.A. in economics, and has an M.B.A. in finance from New York University. Top Richard Cumberledge, CFA Senior Credit Analyst, Global High Yield Years of investment experience: 16 Rick Cumberledge is a Senior Credit Analyst in ING Investment Management. Prior to joining ING, Rick spent nearly 6 years working at Federated Investors as a senior high yield credit analyst. Previous experience includes positions with American Capital Strategies, Bank of America and Allied Capital. Rick has a MSc. in finance from The George Washington University and a B.A. in Business Administration from Westminster College. He holds the Chartered Financial Analyst designation. Top Chris Diaz, CFA Senior Portfolio Manager, Global Rates Years of investment experience: 11 Chris Diaz heads the Global Rates group for ING Investment Management. He is primarily responsible for the global sovereign debt and derivative component of ING Investment Management’s institutional, mutual fund and proprietary portfolios. Prior to joining ING Investment Management in 2000, Chris was a fixed income portfolio analyst for SunTrust Equitable Securities Corporation. He received a B.S. in finance from the University of South Carolina and an M.B.A. from Emory University. He holds the Chartered Financial Analyst designation. Top Daniel Doyle, CFA Senior Portfolio Manager and Head of Global High Yield Years of investment experience: 25 Daniel Doyle is Vice President, Senior Portfolio Manager and Head of Global High Yield at ING Investment Management. He began his career as a commercial bank examiner with Federal Reserve Bank of Chicago. Prior to joining ING he was Director of US Credit, Portfolio Manager, High Yield at Henderson Global Investors, and Senior Vice President, Portfolio Manager, High Yield at Scudder. Daniel received a Bachelor of Science in finance and economics from Northern Illinois University, and an M.B.A. from the University of Chicago. Daniel holds the Chartered Financial Analyst designation. Top Colin Dugas, CFA Assistant Portfolio Manager, Commercial Mortgage-backed Securities Years of investment experience: 7 Colin Dugas is an assistant portfolio manager on the commercial mortgage-backed securities team focusing on portfolio management and security selection, as well as credit monitoring and analysis. He received his B.S. in management from the Georgia Institute of Technology. He also holds the Chartered Financial Analyst designation. Top Jeff Dutra, CFA Senior Portfolio Manager Structured Finance Years of investment experience: 7 Jeff Dutra is Senior Portfolio Manager for ING Investment Management, primarily responsible for the mortgage-backed securities/collateralized mortgage obligation portfolios. Prior to this he ran the operations and accounting groups at ING responsible for financial derivatives and mortgage derivatives. Jeff received a B.A. in Mathematics from the University of South Florida, a M.B.A. from the University of Tampa and holds the Chartered Financial Analyst designation. Top John Edwards Assistant Portfolio Manager, Commercial Mortgage-backed Securities Years of investment experience: 11 John Edwards is an assistant portfolio manager on the commercial mortgage-backed securities team focusing on portfolio management and security selection, as well as credit monitoring and analysis. Prior to joining the CMBS team, John worked in ING’s real estate whole loan group in numerous positions including production, risk management, problem loan restructure, and real estate equities management. He holds a B.S. in Finance and Real Estate from Florida State University and an M.B.A. from Georgia State University. Top A. Banu Asik Elizondo Senior Credit Analyst, Global High Yield Years of investment experience: 6 A. Banu Asik Elizondo is a Senior Credit Analyst for ING Investment Management covering the telecommunications, cable/satellite and media sectors for high yield portfolios. Banu began her career as a sell side analyst for the Fixed Income Research team at Wachovia Securities, where she covered TMT sectors across the entire credit spectrum for four years. Banu received a Bachelor of Science in Economics from Duke University in 2003, and is a Level 2 candidate in the CFA Program. Top Scott A. Frost, CFA Senior Credit Analyst, Global High Yield Years of investment experience: 15 Scott Frost is a Senior Credit Analyst for ING Investment Management. He is a member of the high yield fixed income research team, covering the gaming, lodging, entertainment, building, health care, and finance sectors. Prior to joining ING Investment Management, he was a sell side high yield analyst at PNC Capital Markets. Scott received a B.S. in business administration from Bowling Green State University with honors and M.S.I.A. from Carnegie Mellon University. He holds the Chartered Financial Analyst designation. Top Dave Goodson Portfolio Manager, Structured Finance Years of investment experience: 13 Dave Goodson is the Portfolio Manager for ING’s non-agency mortgage and ABS investment portfolios. Prior to joining ING Investment Management, he was a principal at an independent investment bank focused on asset-back commercial paper transactions. Dave also worked as a vice president in Wachovia Securities’ asset backed finance group marketing and executing securitizations for the bank’s corporate clients. He received his B.A. in management from the Georgia Institute of Technology. Top Ed Groote, CFA Structured Finance Years of investment experience: 11; Years of industry experience: 16 Ed Groote joined the Structured Finance Department in January 2004. Prior to joining the Interest Sensitive Asset Department Ed worked with various departments on Portfolio Management, Asset Valuation, Analytics, Accounting and Information Technology issues. Ed received a B.A. in economics from the University of Northern Iowa and holds the Chartered Financial Analyst designation. Top Peter Guan, Ph.D. Senior Portfolio Manager, Structured Finance Years of investment experience: 10 Peter Guan has been with ING since October 2004 as a senior portfolio manager of Residential Mortgage products. Before moving to Atlanta, Peter was with Citigroup Alternative Investments in New York, where he initiated a managed product platform for mortgage-backed investments. Previously, Peter worked at the Clinton Group, a New York based hedge fund, where he traded mortgage products. Peter has a Ph.D. in applied math from the University of South Florida, was a tenured professor at the University of Wisconsin - Eau Claire, and has a masters degree in computational finance from Carnegie Mellon. Top Ken Haim Senior Portfolio Manager, Structured Finance Years of investment experience: 15 Ken Haim recently joined ING as a senior portfolio manager focusing on mortgage derivatives and other relative value opportunities. Most recently, he was head of Agency CMO Trading at Countrywide where he was responsible for all aspects of primary and secondary trading. Prior to that, Ken spent 10 years as a Senior CMO trader at Salomon Brothers/Citigroup. Earlier in his career, Ken developed Bloomberg’s CMO Analytic tool, currently the industry standard. Ken has a B.A. in Math from Wesleyan University and an M.B.A. from the Wharton School of Business. Top Albert E. Hancock III Head of Stable Value and Senior Portfolio Specialist Years of investment experience: 21 Bud Hancock is a Senior Portfolio Specialist and Head of Stable Value for ING Investment Management. Prior to his current role, Bud was head of product development at Aeltus Investment Management. Before joining ING Investment Management in 1997, he was head of fixed income at Banque Indosuez/Credit Agricole. Earlier, he was with Westdeutsche Landesbank with various capital market responsibilities in New York and Duesselforf. He began his career in the international division of Manufacturers Hanover Trust. Bud received a B.A. in economics from the University of Vermont and an M.B.A. from the American Graduate School of International Management. Top Ken Hessel, CFA Senior Analyst, Emerging Markets Years of investment experience: 13 Ken is an analyst on the Emerging Markets Debt team. Prior to joining EMD, he was responsible for bank, finance and broker credit research for ING’s Proprietary Fixed Income group. Before joining ING Investment Management in 2004, Ken covered bank and finance companies as a Research Analyst and Vice President at Trusco Capital Management in Atlanta. Ken started his career in institutional fixed income as an investment officer at Wachovia Bank in 1996. Ken holds a B.B.A. in Finance from the University of Georgia and an M.B.A. from Goizueta Business School of Emory University. He holds the Chartered Financial Analyst designation. Top Andrew H. Higley, CFA Derivative Portfolio Manager, Global Rates Years of investment experience: 7 Andrew is a Derivative Portfolio Manager for ING Investment Management. He is primarily responsible for rate derivatives. Prior to joining ING Investment Management in 2006, he was with the FHLBank Atlanta where he created, priced, and hedged both plain and structured loans for banks, and traded stand-alone derivatives. He also marketed the Bank’s intermediation services and consulted to regional and national banks on asset-liability management problems. Andrew holds a B.A. from the University of Virginia, an M.A. in finance from Harvard University, and holds the Chartered Financial Analyst designation. Top Peter-Paul Hoogbruin Vice President, Market and Credit Risk Analysis, Risk Management Years of investment experience: 17 Peter-Paul Hoogbruin is responsible for the credit risk management of Fixed Income and Proprietary Investments. Prior to joining ING Investment Management in 2007, he was risk integration manager at ING Group Risk Integration and Analytics in Amsterdam. Earlier in his career, he was manager of the credit risk measurement department of ING Group Corporate Credit Risk Management, after working for the portfolio management department of group credit risk management at Deutsche Bank in Frankfurt. He started his career at the controllers department of ING Bank International. Peter-Paul received his Master’s Degree in econometrics and operations research from the Erasmus University Rotterdam, The Netherlands. Top Michael Hyman Senior Portfolio Manager, U.S. Credit Years of investment experience: 17 Mike is a Senior Portfolio Manager for ING Investment Management. He is responsible for managing the investment grade credit and structured portfolios across multiple client objectives. Prior to joining ING Investment Management in 2001, Mike worked in securitization and derivative structuring at GE Capital. Previously he managed proprietary fixed income and derivative portfolio for Société Générale and Yasuda Trust and Bank. Mike earned his Bachelor of Science in Finance and Economics at the Pennsylvania State University and M.B.A. from New York University Stern School of Business. Top Aprille Johnson Portfolio Manager, Money Market Years of investment experience: 19 Aprille Johnson is a Portfolio Manager with ING Investment Management. Prior to assuming her current responsibilities, she was head of U.S. equity trading. Before joining ING Investment Management in 1998, Aprille was with CIBC and Kidder Peabody. She received a B.A. in chemical engineering technology from Trident College. Top Bob Kase, CFA Client Portfolio Manager Years of investment experience: 25 Bob Kase is a client portfolio manager. Prior to this role he was the co-lead portfolio manager for Proprietary Investments Investment Grade credit. Before joining ING in 2007, he managed corporate, ABS, and CMBS for SunTrust Bank. He began his career as a senior portfolio manager at CL Capital Management, followed by a stint as a senior portfolio manager for American General. Bob received a B.S. from Georgia Tech and an M.B.A. from Georgia State. He holds the Chartered Financial Analyst designation. Top Anil Katarya, CFA Senior Portfolio Manager, U.S. Credit Years of investment experience: 11 Anil Katarya is a Senior Portfolio Manager with ING Investment Management’s investment grade team. Prior to joining ING Investment Management in 2000, Anil was a financial analyst for Mirant Inc. He received a B.S. in mechanical engineering from Kurukshetra University, India and an M.B.A. from Georgia State University. He holds the Chartered Financial Analyst designation. Top Richard C. Kilbride Head of Fixed Income for Managed Accounts Years of investment experience: 29 Rick Kilbride joined ING Investment Management’s predecessor firm Furman Selz in 2001 as head of fixed income. Upon integration into ING Investment Management he assumed responsibility for the investment grade managed account business. Previously, he spent 12 years at Merrill Lynch, most recently leading an investment team managing leveraged loans and high-yield bonds. He also was the London-based managing director of Merrill’s global institutional separate account fixed income portfolio management business. Before that, he was responsible for Merrill's initial efforts to build a U.S. institutional fixed income separate account presence, served as chief investment strategist of its captive insurance company, and was the asset-liability manager of Merrill Lynch Bank and Trust. He served on the board of directors of that bank for five years. Previously, he was a vice president in Paine Webber's institutional fixed income sales and trading business and began his career as an analyst on General Motors’ New York treasury staff. Rick holds a B.A. from Colorado College (where he has also taught) and an M.B.A. from the Amos Tuck School at Dartmouth College. He is a member of the CFA Institute and the New York Society of Security Analysts. Top Travis King, CFA Portfolio Manager, U.S. Credit Years of investment experience: 9 Travis King is a Portfolio Manager for ING Investment Management and is responsible for the investment-grade component of separately managed institutional accounts, mutual funds, and several proprietary portfolios. Travis has nine years of investment experience. Prior to joining ING Investment Management in 2005, he was a senior fixed income analyst with Reams Asset Management. Travis received his B.B.A. from James Madison University and M.B.A. from Memorial University. He also holds the Chartered Financial Analyst designation. Top Robert Kinsey Senior Portfolio Specialist, Fixed Income Years of investment experience: 29 Rob Kinsey is Senior Portfolio Specialist for ING Investment Management’s fixed income strategies. Prior to joining ING Investment Management in 2003, he was a senior fixed income portfolio manager with ING Funds. Before joining ING Funds in 1999, Rob managed total return fixed income portfolios for Federated Investors, Harris Investment Management, and First City in Houston. He began his career as an account executive at Smith Barney, Harris Upham & Co. He received a B.A. from Stanford and an M.B.A. from UCLA. Top Corinne Krincek, CFA Credit Analyst, U.S. Credit Years of investment experience: 13 Corinne Krincek is a Credit Analyst for ING Investment Management. She follows the telecom, media, and technology sectors. Prior to joining ING Investment Management in 2006, she held various positions at Moody’s Investors Service, covering the telecommunication sector and conducting market research for syndicated loan ratings. Her experience also includes three years at Mizuho in the Syndication Department supporting trading activity and coordinating credit derivative transactions. Corinne began her career as an economist at Bureau of Economic Analysis in the U.S. Department of Commerce. Corinne received a B.S. in economics from the University of Pennsylvania and a Masters of International Business from the University of South Carolina. She holds the Chartered Financial Analyst designation. Top Kurt Kringelis, CFA, CPA, J.D. Senior Portfolio Manager, U.S. Credit Years of investment experience: 14 Kurt Kringelis is a Senior Portfolio Manager with ING Investment Management’s Credit team. His experience involves investment grade and high yield securities. Prior to joining ING Investment Management, Kurt was an Associate Portfolio Manager with the high yield group at Equitable Investment Services. He received his B.S. degree in finance, M.B.A., and Juris Doctor from the University of Illinois. Kurt is a Certified Public Accountant and holds the Chartered Financial Analyst designation. Top Suresh Krishamoorthy Chief Risk Officer, Risk Management Years of investment experience: 21 Suresh is the Chief Risk Officer for Fixed Income at ING Investment Management, responsible for risk management of the fixed income assets of the ING insurance companies and Third Party Accounts in the U.S. as well as the assets under management in Latin America and Canada. Suresh has industry experience, spanning information technology, financial markets, and risk management. Prior to ING, Suresh was the Head of Fixed Income Risk at GE Asset Management where he was responsible for insurance and pension assets. Previously he was the Senior Risk Manager for a credit card portfolio at GE Capital. Before joining GE, he was a senior consultant in the risk strategy practice at KPMG in New York. Suresh has a Bachelors Degree in engineering from the Indian Institute of Technology, Madras, India, and an M.B.A. from the Stern School of Business, New York University. Top Jake Lowery Analyst, Structured Finance Years of investment experience: 4 Jake Lowery is an analyst on the structured credit team for ING Investment Management. Jake is responsible for analysis of non-mortgage ABS structures and collateral, including credit cards and auto loans. In addition, he assists in analysis of non-agency MBS. Prior to this role, Jake served ING IM as an analyst on the investment grade credit team from 2006 to 2008, after first joining the firm as an intern in the summers of 2004 and 2005. He graduated from Vanderbilt University with honors in economics, and has passed all three exams in the Chartered Financial Analyst program. Top Gang Ma, Ph.D., CFA, FSA Vice President, Risk Management Years of investment experience: 9 Gang Ma is a Vice President for Market and Credit Risk Analysis. He is responsible for market and credit risk analysis for fixed income and proprietary investments. Prior to joining ING Investment Management in 2004, he was a director of risk management with AEGON Institutional Markets. Gang began his career with Principal Financial Group as an actuarial assistant. He received a B.S. in mathematics from Jilin University in China, and both a Ph.D. in mathematics and an M.S. in statistics from Cornell University. Gang is a Fellow of the Society of Actuaries and holds the Chartered Financial Analyst designation. Top Jun Ma, CFA Senior Associate, Risk Management Years of investment experience: 12 Jun Ma is a Senior Associate for ING Investment Management. He is responsible for FixedIncome portfolio Market Risk and Credit Risk analysis. Jun Ma began his career with China Harbor Engineering Co. where he was a futures floor trader at Beijing Commodity Exchange. He received his B.A. from Fudan University (Shanghai, China) and an M.B.A. from Emory University. Jun Ma holds the Chartered Financial analyst designation. Top Raj Makhija Quantitative Analyst, Quantitative Research and Portfolio Analytics Years of investment experience: 4 Raj Makhija is an Quantitative Analyst for the fixed income quantitative research team of ING Investment Management. He is primarily responsible for the development of proprietary relative value trading tools for corporates and structured credit products. Prior to joining ING Investment Management, Raj was a market risk analyst for SunTrust Capital Markets Inc. Raj received a B.Eng. in computer engineering from the University of Bombay, India and a M.S. in quantitative and computational finance from the Georgia Institute of Technology. Top Michael A. Mata Head of Fixed Income Quantitative Research Years of investment experience: 19 Michael Mata is Head of Quantitative Research and Portfolio Analytics for the ING Investment Management fixed income group, responsible for the design and development of quantitative models and their application in the portfolio construction process. He joined ING Investment Management in 2004 from Putnam Investments, where he was the senior risk manager for fixed income portfolios. His previous experience includes risk management for fixed income derivative and bond arbitrage trading at Lehman Brothers. He received a B.S. in finance from Florida International University and an M.B.A. from DePaul University. Top Tim McGrady, CFA Portfolio Manager, Structured Finance Years of investment experience: 18 Tim McCrady is a Portfolio Manager for ING Investment Management. Since joining ING Investment Management in 1998, he has managed collateralized debt obligations, asset-backed securities, and commercial mortgage-backed securities and has also been involved in Product Development. Previously, he was a portfolio manager at Banc One Capital Corporation and an asset-backed securities analyst at Banc One Corporation. Tim received his B.S. in business administration from The Ohio State University. He holds the Chartered Financial Analyst designation. Top Tracy McCullough, CFA Analyst, Structured Finance Years of industry experience: 15 Tracy McCullough joined ING Investment Management in the 1996 as an analyst in the Structured Products area. She has experience in financial data analysis and reporting. Prior to joining ING, Tracy was a financial reporting analyst for MetLife’s Separate Account-Pension division. Tracy has a B.B.A. in finance from Georgia State University and holds the Chartered Financial Analyst designation. Top Justin McWhorter, CFA, CPA Portfolio Manager, Structured Finance Years of investment experience: 8 Justin McWhorter is a Portfolio Manager for the mortgage-backed securities/collateralized mortgage obligation portfolios. Justin has eight years of investment experience and manages the mortgage financing desk. Justin received his Master's in Accountancy from the University of Georgia, and holds both Chartered Financial Analyst and Certified Public Accountant designations. Top Kevin Moose Derivatives Trader, Global Rates Years of investment experience: 10 Kevin Moose is a derivatives trader for ING Investment Management’s Global Rates group. Since joining ING in 1999, in addition to trading derivatives and mortgage backed securities, he has also held actuarial and risk management positions. Kevin received his B.S. in mathematics from Southern Polytechnic State University. Top Tian Mu Senior Risk Analyst, Risk Management Years of investment experience: 3 Tian Mu is a Senior Risk Analyst for interest rate risk management. Prior to joining ING Investment Management in 2007, his experience included research and development in various industries. Tian received a B.S. in Physics from Zhejiang University and an M.S. in Mathematical Risk Management from Georgia State University. Top Jeffrey Nicholson Senior Credit Analyst, Global High Yield Years of investment experience: 10 Jeff Nicholson is a Senior Credit Analyst for ING Investment Management’s high yield fixed income research team covering the metal, paper, energy, mining, packaging and transportation sectors. Prior to joining ING Investment Management in 2001, he was a high yield analyst at PNC Capital. Jeff received a B.S. in management from West Virginia Wesleyan College and an M.B.A. from Pennsylvania State University. Top Luis Olguin, CFA Portfolio Manager Years of investment experience: 6 Luis Olguin is a Portfolio Manager with the ING Fixed Income Managed Accounts team. His primary focus is to contribute to the portfolio construction process through credit research, relative value analysis and portfolio management of the strategies’ credit exposures. Luis joined ING Investment Management in 2002 as an analyst in Investment Grade Corporate Bonds. His background included a variety of credit roles with ING’s Institutional Fixed Income team in Atlanta covering Investment Grade, High Yield and Synthetic Credit investments for both the public and private corporate universe. Most recently, he worked for the ING Private Placements group as an analyst in charge of new deal origination and supervision for the Oil & Gas, Basic Materials and Industrial sectors. Additionally, he was a Portfolio Manager for the ING Midstream Energy team where he was responsible for supporting investment origination capabilities, debt capital markets analysis, macro sector research and portfolio management for the public equity portfolio. He holds a B.B.A. in Finance and a minor in Economics from Emory University and holds the Chartered Financial Analyst designation. Top Randall Parrish, CFA Portfolio Manager, Global High Yield Years of investment experience: 19 Randall Parrish is a High Yield Portfolio Manager with ING Investment Management. For the previous five years, Randy served as a high yield analyst focused on the media and retail/consumer sectors. Prior to joining ING Investment Management in 2001, he was a corporate banker in leveraged finance with SunTrust Bank and predecessors to Bank of America. Randy received a B.B.A. in business administration from the University of Georgia. He holds the Chartered Financial Analyst designation. Top Spencer Phua, CFA Senior Credit Analyst, U.S. Credit Years of investment experience: 9 Spencer Phua is a Senior Credit Analyst in ING Investment Management. He started his career in investment banking with Merrill Lynch's Financial Institutions Group in 2000, covering Asian banks and asset managers. Prior to joining ING, Spencer also worked in High Grade research at Lehman Brothers and Prudential Fixed Income, covering US banks, brokers and finance. His coverage responsibilities at ING include banks, finance companies and brokers. Spencer received an M.B.A. in finance and accounting from the Kellogg School of Management and an M.A. in economics from Oxford University in the UK and a Bachelor of Laws from the University of London in the UK. He holds the Chartered Financial Analyst designation. Top Stephen Pounds Quantitative Analyst, Risk Management and Quantitative Research Years of investment experience: 3 Stephen Pounds joined ING Investment Management in 2006 and is a Quantitative Analyst. Before joining his current team, he worked in Risk Management Canada & Latin America and in Quantitative Research for Proprietary Investments. Stephen received a B.S. in applied mathematics and a M.S. in quantitative and computational finance from the Georgia Institute of Technology. Top Asher Proschansky, J.D., A.S.A Senior Risk Analyst, Risk Management Years of investment experience: 27 Asher Proschansky is a senior risk analyst for ING Investment Management. He is responsible for CDS VAR, Collateral Management, Derivative Use Strategy Controls, Investor Client Reporting on Credit Derivatives, and Risk System Oversight. Prior to joining ING Investment Management in 2000, he worked as an actuary, an attorney, a systems analyst, and a senate intern. He received his B.A. from the University of Rochester, and a Juris Doctor from the George Washington University National Law Center. Asher is an Associate of the Society of Actuaries. Top J.D. Rieber, CFA Senior Credit Analyst, U.S. Credit Years of investment experience: 8 J.D. Rieber is a Senior Credit Analyst for ING Investment Management. He is a member of the investment grade fixed income research team, covering the healthcare, basic industrial, capital goods and consumer cyclical sectors. J.D. joined ING Investment Management in May 2007 as a senior analyst on the high yield team, covering the consumer and retail sectors. Prior to joining ING, he held analysts positions with AEGON USA Investment Management and Principal Global Investors. He received a B.A. in Finance from University of Northern Iowa and an M.B.A. in Finance from University of Iowa Tippie School of Management. He holds the Chartered Financial Analyst designation. Top Victor Rodriguez, CFA Portfolio Manager, Emerging Markets Debt Years of investment experience: 20 Victor is a Portfolio Manager in ING Investment Management with experience in emerging markets corporate and investment banking and fixed income investing. He joined ING in 2003 and has managed investments in publicly and privately traded, non-sovereign emerging markets bonds. Prior to joining ING, Victor was with GMA Partners (a boutique investment banking firm in Atlanta), the Corporate Finance Private Placements Group of Wachovia Securities, and Prudential Capital (the private placement arm of The Prudential Insurance Company). Victor received an A.B. from Cornell University and his M.B.A. from Emory University where he was a Woodruff Scholar. He holds the Chartered Financial Analyst designation. Top Anthony Routh Analyst, Structured Finance Years of investment experience: 3 Anthony Routh is an Analyst for ING Investment Management. He is a member of the NonAgency MBS trading desk. Prior to joining ING Investment Management in January of 2007, he completed internships at ING Americas and Smith Barney, Citigroup. Anthony holds a B.B.A. in Finance from the University of Georgia. Top Todd Schomberg, CFA Portfolio Manager, U.S. Credit Years of investment experience: 8 Todd Schomberg is a Portfolio Manager for ING Investment Management's investment grade team. Prior to joining ING Investment Management, Todd worked as a Senior Fixed Income Investment Analyst for Wells Capital Management. Todd received a B.S. degree in Finance and Economics from the University of Wisconsin-La Crosse and an M.B.A. from the University of Wisconsin-Madison. He holds the Chartered Financial Analyst designation. Top Robert Stiles, CFA Senior Credit Analyst, Global High Yield Years of investment experience: 9 Robert Stiles is a Senior Credit Analyst with ING Investment Management and has credit and investment experience. He is a member of the high yield fixed income research team where his coverage responsibilities include basic industries and consumer non-cyclicals. Prior to joining ING Investment Management, Robert worked for FTN Financial as a desk analyst for both their high yield and investment grade trading desks. Previous experience includes positions with Principal Global Investors in their private placement group and Pacholder Associates as a high yield analyst. In addition to his financial experience, Robert was a production engineer for five years with Cargill, Inc. in Dayton, Ohio. Robert received an M.B.A. with a finance concentration from Wright State University and a B.S. in chemical engineering from the Ohio State University. He holds the Chartered Financial Analyst designation. Top Ernie Tang Senior Derivatives Manager, Global Rates Years of investment experience: 13 Ernie Tang is a Vice President and Senior Derivatives Manager at ING Investment Management. He joined the firm in 2001. His current responsibilities include managing the Atlanta derivative trading desk, trade executions, and research. He manages derivative portfolios for hedging and replication purposes, including equity options and futures, interest rate swaps, swaptions, caps and floors, and credit default swaps. Prior to ING, he worked as an asset liability manager for Lincoln National Corporation and helped manage the derivative portfolio. He was also responsible for modeling Fixed-Income securities and derivatives. Ernie graduated summa cum laude from National Taiwan University with a Bachelor of Science degree. He received a Masters Degree in civil engineering from the University of Delaware. He passed fellowship requirements for the Society of Actuaries in 1998. Top Tao Tang, CFA Quantitative Analyst, Structured Finance Years of investment experience: 6 Tao Tang is a Quantitative Analyst on the MBS & ABS team, providing portfolio analytics, performance attribution, scenario analysis, and other quantitative support, specializing in structured products such as ABS and CMBS. He joined ING Investment Management in 2003 with the Analytics Team of the Portfolio Management and Client Relations Group. Tao earned his Bachelor of Science in International Finance from the RENMIN University of China (Beijing) and an M.B.A. degree from the University of North Carolina at Chapel Hill. Tao holds the Chartered Financial Analyst designation. Top Brad Taylor, FSA, CFA Assistant Vice President, Risk Management Years of investment experience: 10 Brad Taylor is Assistant Vice President in the Risk Management Fixed Income Risk Analytics group. Prior to his current position, he most recently spent 5 years as a member of the MBS asset management team focusing on the Proprietary Investments portfolios. Brad began his career with ING in 1999 with the Interest Rate Risk Management department where he focused on asset modeling and ALM projections. From 2001 to 2003, Brad was on assignment at ING Group’s headquarters in Amsterdam where he worked in the Corporate Insurance Risk Management department monitoring the insurance risk in ING insurance company portfolios worldwide. Prior to his career with ING, Brad spent over 13 years with an insurance company in a variety of actuarial roles, including extensive ALM work and product pricing functions. Brad received his B.S. in Statistics from the University of Michigan, holds the Chartered Financial Analyst designation, and is a Fellow in the Society of Actuaries. Top Brian Timberlake, CFA, Ph.D. Senior Quantitative Analyst, Quantitative Research and Portfolio Analytics Years of investment experience: 6 Brian Timberlake is a Senior Quantitative Analyst with ING Investment Management. Brian received a B.S. in chemical engineering from the University of Maryland, a M.S. in quantitative and computational finance from the Georgia Institute of Technology and a Ph.D. in chemical engineering from the Georgia Institute of Technology. He holds the Chartered Financial Analyst designation. Top Toby Tolino Portfolio Manager Years of investment experience: 9 Toby Tolino is a Portfolio Manager in the Fixed Income Managed Account group with trading and municipal portfolio management responsibilities. Toby joined ING Investment Management in 2000 and has experience in trading, operations and middle office management. In his prior role, Toby managed a team of Senior Portfolio Management Assistants (PMAs) supporting more than ten Portfolio Managers who ran portfolios in all asset classes. He was also responsible for ING’s outsourcing relationship for the SMA back office operations. Prior to heading Middle Office, Toby led the NY Fixed Income PMA team and has served in various other operational roles. Toby currently attends CUNY and holds the Series 7 license. Top Matt Toms, CFA Head of Credit Total Years of Experience: 15 Matt Toms joined ING Investment Management as Senior Vice President, Head of Credit. In this role, Matt directly oversees the investment teams responsible for the corporate bond and high yield strategies for the General Account and third party clients, as well as ensures coordination of credit strategies with the global emerging market team. Matt joins us most recently from Calamos Investments, where he established and grew their Fixed Income business. He also has prior experience with Northern Trust and Lincoln National. He received a B.B.A. from the University of Michigan and holds the Chartered Financial Analyst designation. Top Rob Turner Credit Analyst, U.S. Credit Years of investment experience: 7 Rob Turner is a Credit Analyst for ING Investment Management. He works with the senior portfolio managers on the analytics and strategy for the ING insurance portfolios. Rob began his career as a credit analyst with Freddie Mac, where he analyzed mortgage purchase agreements. Rob received a B.S. in political science from the University of Arizona. Top Gorky Urquieta Co-Head of Emerging Markets Debt Global Years of investment experience: 15 Gorky joined ING Investment Management as a member of the Emerging Markets Debt team in June 2000. His responsibilities include research, asset allocation and trading. Upon joining Emerging Market Investors, a hedge fund manager affiliated with ING Furman Selz Asset Management in 1997, Gorky’s responsibilities included broad emerging market research and trading activities. His experience there included analysis of sovereign and corporate bonds and loans, local currency investments and equities. Previously with Dart Container Corporation, he formed part of a research and trading team active in emerging and developed markets. Gorky received a masters degree in Finance from the University of Wisconsin in 1993. Top Michelle Wei Risk Analyst, Risk Management Years of investment experience: 1 Michelle Wei is a Risk Analyst for Market and Credit Risk Analysis. Prior to joining ING in 2009, she worked as a quantitative analyst at Stonemont Financial Group, an interest-rate derivative and commercial real estate consulting company. Michelle completed an internship with Southern Company, working on commodity price model development. She received a Bachelor’s degree in Actuary Science from Nankai University in China and a M.S. in Quantitative and Computational Finance from Georgia Institute of Technology. Top Esther Yang, FSA, CFA Portfolio Manager, Global Rates Years of investment experience: 9 Esther Yang joined ING Investment Management in 2006. Her current responsibilities include derivatives trade executions, researches, and providing services to other groups that need derivative expertise. During 2004-2006, she worked as a consultant on the liability side. Her responsibilities included developing economic scenarios for valuing Guarantee Minimum Benefit in life annuity products, and developing risk management (hedging) strategies. Prior to working in consulting practice, Esther worked for Allstate Investments where she managed interest rate derivative portfolio for certain life and P&C products. Esther holds a Bachelor Degree in biology from Beijing University, and a Masters Degree in actuarial science from the University of Waterloo. She is a Fellow of the Society of Actuaries and holds the Chartered Financial Analyst designation. Top David Yealy Senior Portfolio Manager, Money Market Years of investment experience: 23 David Yealy is a Senior Portfolio Manager for ING Investment Management. He is responsible for managing the ING money market mutual funds and cash management accounts. Prior to joining ING Investment Management in 2004, he was a managing director and fixed income portfolio manager with Trusco Capital Management where he was responsible for managing over $9 billion of assets under management. He received a B.A. in economics from Wake Forest University. Top Yingli Zhu, Ph.D., CFA Quantitative Analyst, Structured Finance Years of investment experience: 5 Yingli Zhu joined ING Investment Management in 2004. She received a B.S. in nuclear engineering from the Xi’an Jiaotong University of China and Ph.D. in nuclear engineering from the Massachusetts Institute of Technology with a focus on risk analysis and a minor in financial technology. Yingli holds the Chartered Financial Analyst designation. Top