May 14, 2012 | last updated June 1, 2012 2:31 pm

ING U.S. names Michael Smith chief risk officer

ING U.S., with Windsor operations, promoted former U.S. annuities boss Michael Smith to chief risk officer.

Smith joined ING in 2009 as chief financial officer and chief risk officer for the ING U.S. annuity business, taking over two years later as the unit's CEO.

Smith's new responsibilities include managing the framework for measuring, controlling, hedging and pricing risk. In addition, he will continue to oversee the closed-block variable annuity run-off business, authorities said.

Prior to ING, he spent 20 years at Lincoln Financial Group.

Smith holds bachelor's degrees in economics and Russian studies from the University of Michigan. He is a fellow in the Society of Actuaries; a member of the American Academy of Actuaries; and a CFA Charterholder.

He serves on the boards of People's Light & Theatre Co. and Covenant House-PA.

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