ING U.S. Financial Services has created 2 new divisions to separate sales of its retirement savings and accumulation products from those devoted to protecting risks.

ING U.S., Atlanta, says its U.S. Wealth Management unit will focus on long-term retirement savings, retirement income and financial planning. The other operation, called U.S. Insurance, will concentrate on risk protection, wealth preservation and risk management.

The company, a subsidiary of ING Groep N.V., Amsterdam, named Kathleen A. Murphy as chief executive officer of U.S. Wealth Management. The unit includes ING’s defined-contribution businesses, its rollover-payout business, retail annuity operations and its independent broker-dealer network. Murphy had been group president of the company’s worksite and institutional services division.

ING appointed Catherine H. Smith as CEO of the U.S. Insurance unit, which includes its life insurance, employee benefits and group reinsurance businesses. Smith had been president of ING U.S. Retail Financial Services and chief operations officer for ING U.S. Financial Services.