Fidelity veteran Rich Linton is leaving Bank of America Merrill Lynch after less than two years to take on a new position at ING. Our sister publication 401kWire broke the news yesterday.

Linton joined BofA Merrill in 2010 and lead the small business retirement team. Prior to that, he worked at Fidelity for two decades.

BofA Merrill spokesman Matt Card said there was no timetable for finding a replacement, but that the firm was currently reviewing both internal and external candidates for the position.

Linton will be joining ING as the president of individual markets. He will start working at the end of June, and will work in both Windsor, Connecticut and Braintree, Massachusetts, reporting directly to ING Retirement chief Maliz Beams.

"I am thrilled to be joining an organization that has a strong commitment to helping individuals plan for a secure retirement," Linton told 401kWire in an e-mailed statement. "I look forward to expanding the relationships ING has built with the millions of plan customers it serves who are changing jobs or approaching retirement, as well as establishing relationships with many new retail customers looking for support with their planning and saving needs." 

Edited by: Ben Geier


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