New York-based ING U.S. has named Michael Smith chief risk officer with responsibility for overseeing the enterprise-wide and business-level risk monitoring and management program.
Smith joined ING in 2009 as chief financial officer and chief risk officer for the company's annuities business. He became CEO of that business last year, managing the variable annuity book of business into a run-off closed block, a business he will continue to oversee as CRO.
"Mike's risk-management experience, combined with his deep understanding of our businesses, will allow us to continue developing and building upon our existing risk-management practices, in support of prudent business growth," said Rod Martin, CEO, ING U.S., in a statement. "Over the last two and a half years, Mike has done an excellent job in critical roles managing risk and providing strategic leadership – experience that will serve him well as CRO."