ING Retirement’s Smith Named to CT State Job

March 3, 2011 ( – Connecticut Governor Dannel Malloy has named Catherine Smith, CEO of ING Retirement Services, as head of the state's Department of Economic and Community Development (DECD).

A Web site statement from Malloy said Smith, who lives in Northford, has worked for ING for 10 years; prior to that, she worked at Aetna for 17 years.

“For far too long, DECD has been too insular and not welcoming enough to potential businesses who wish to locate or expand here. That stops now,” Malloy said in the statement. “Catherine’s business acumen, her knowledge of Connecticut, and her passion to grow and expand business opportunities here made her selection a no-brainer.”

Smith is currently the Chief Executive Officer of ING U.S. Retirement Services, a position she’s held since 2008. In this capacity, Smith managed 3,000 employees and had oversight of sales, marketing, operations, customer service, product development, risk management, and finance. 

Prior to this position at ING, Smith served in several other capacities at ING, including in its retail and insurance groups. While working at Aetna from 1983 through 2000, Smith worked in a variety of areas, including investment management, corporate planning, health plans, investor relations, and financial services.

Smith graduated from Hampshire College and received her master’s in Public and Private Management from Yale University.