ING U.S. Unit Prepares IPO Led by ‘Unsung Heroes’ of AIG Bailout

ING U.S. Inc., a unit of the largest Dutch financial-services company, is headed for an initial public offering led by managers who helped American International Group Inc. repay its rescue by divesting assets.

Chief Executive Officer Rodney Martin, 60, oversaw AIG’s international life units as they were sold to rivals or on public markets. Alain Karaoglan, ING U.S. chief operating officer, helped run sales of Asian insurers as senior vice president for divestiture at New York-based AIG.