, has promoted Donald Morgan
to managing director of the high yield group, Friday. He is replacing, Steven Tananbaum
who left the New York Life Insurance Company subsidiary,
which manages $34 billion in assets.
Morgan, 30, will oversee the seven-member team responsible for managing high yield strategies for institutional and mutual fund clients. He will be reporting directly to Ravi Akhoury
, chairman and CEO of MacKay.
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