ING U.S. Financial Services hired Wellington Management as subadviser of the $168 million ING Large-Cap Growth Fund, pending shareholder approval, according to a filing with the SEC. The fund has been internally managed by Mary Lisanti, executive vice president, CIO-domestic equities and senior portfolio manager, and Jeff Bernstein, senior vice president and portfolio manager. Shareholders will vote on the move May 20.
Dana Ripley, an ING spokesman, said Wellington has a long track record in large-cap growth equity investment. Ms. Lisanti and Mr. Bernstein will remain with ING, managing other equity strategies.