ING US has appointed David Bedard as president of its annuities business segment, a part of ING US Retirement Solutions business that is focused on driving growth and long-term success in the fixed annuity market.

Based in ING US Windsor office, Bedard will report to Maliz Beams, chief executive officer of ING US Retirement Solutions. His appointment will be effective from 28 January 2013.

In his new role, Bedard will be accountable to oversee product, financial management and the operating performance of the fixed annuity business.

He will also serve as a member of the Retirement Solutions executive team, collaborating on overall business strategy and direction.

Most recently, he served as executive vice president of Global Annuities for The Hartford Financial Services Group after serving as the chief financial officer of that firm’s wealth management business.

Prior to this, he worked as a senior vice president and chief financial officer for the US Life and Agency division of New York Life Insurance Company, where he also served as senior managing director and chief financial officer for New York Life Investments.

Bedard also held various leadership positions earlier in his career at MassMutual and Coopers & Lybrand.

ING US Retirement Solutions business, which comprises its Retirement and Annuities segments, offers retirement plans and individual retirement products and guidance in the country.