The U.S. Annuity business of ING Group NV has a new chief financial officer/chief insurance risk officer, according to Matt Ackermann at American Banker.   This was announced on Thursday after a recent company change to low-cost and simple retail annuity products. Michael Smith will be working for ING at the company’s offices in WestChester, Pa.  He comes from 21 years at Lincoln Retirement Solutions where he was in charge of both risk management and profitability.  The CEO of ING’s U.S. Annuity business, Bill Low, will be Smith’s direct boss.  Mr. Smith will take charge of all financial and actuarial operations related to his new business.