ING U.S., the U.S.-based retirement, insurance and investment management operations of Dutch-based ING, has appointed Michael Smith as chief risk officer. In his new role, he will be responsible 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 ING U.S. annuity business. He became chief executive officer for this subsidiary in 2011.

Prior to joining ING, he served as the head of profitability and risk management for retirement solutions at Lincoln Financial Group, where he worked for about 20 years. He held several leadership positions at Lincoln, including chief actuarial officer for Lincoln National Life; chief administration officer and CFO for Lincoln Financial Distributors; CFO and CRO for LFG's Life and Annuity division; and head of customer support for Lincoln's Employer Markets division.