he president of MacKay Shields Financial
, a New York Life
subsidiary and the investment advisor to the Mainstay Funds
has left the company to "pursue other opportunities," according to the New York-based company.
, president since 1994, also ran the company's value equity team and oversaw the firm's equity business, which manages about $19.5 billion in U.S. and international stocks.
MacKay Shields said Laplaige's role as president has been assumed by Ravi Akhoury
, chairman and chief executive, while his position as head of the value team was transferred to Richard Rosen
, 40, who joined the company in January from Prudential
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