NEW YORK — Shiv Mehta, senior vice president and head of ING Investment Management's asset allocation business, died Feb. 22. He was 48.
Mr. Mehta died of a heart attack while vacationing in Hawaii, according to company spokeswoman Tracey Gordon.
Mr. Mehta joined ING in 2004 and was responsible for portfolio management of multiasset portfolios. Before that, he was managing director for investment product development at Credit Suisse Asset Management.
Ms. Gordon said Mr. Mehta's day-to-day responsibilities will be assumed by Brian Gendreau, investment strategist and a member of the asset allocation group.
Mr. Mehta is survived by his wife and two daughters. Funeral services were held Feb. 26.
"We will miss Shiv's investment expertise, strategic vision and good judgment," ING said in a statement. "We extend our deepest condolences to his wife, daughters and family, as well as to his clients, colleagues and many friends in the industry."
As of late last week, there was no word on where memorial donations could be sent.