Popescu will take over the new position once he gets authorization from regulatory authorities.
ING Pensii Private has yet to appoint a new head.
Popescu served as investment manager at ING Asigurari de Viata between 2005 and 2008 and as general manager of ING Investment Management Romania between 2008 and 2010, when he took over as head of ING Pensii Private.
Since July 2012, Popescu is also president of private pension association APAPR.
Boon was named ING Asigurari de Viata general manager in 2012 and will remain member in the managing board of the insurer until October.
ING Asigurari de Viata, part of Dutch group ING, is the largest insurer in Romania. Its main competitors are BCR Asigurari de Viata, owned by Austria’s Vienna Insurance Group, and Metropolitan Life Romania, controlled by U.S. group MetLife.
ING Asigurari de Viata underwrote premiums of 544.5 million lei (EUR125.2 million) in 2012, down 1.8% on the year. (EUR1=RON4.3485)