MutualFundWire.com: MainStay Appoints Sales Head
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Tuesday, May 23, 2000

MainStay Appoints Sales Head


Peter Moeller, the former head of US sales for Deutsche Bank, has been hired by New York Life's MainStay Funds
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as managing director and executive vice president of sales, overseeing all sales and distribution of the $20 billion MainStay family.

Moeller comes to MainStay from ResourcePhoenix.com, which provides back office automation for the financial services industry, where he headed the company's Eastern sales business. Moeller had previously been head of US sales for Deutsche Bank's mutual funds, but had lost that position after the company bought Bankers Trust in mid- 1999.

Mainstay Funds are a part of the newly formed New York Life Asset Management unit of New York Life, which brings together all of the firm's asset managers, including: MainStay, MacKay Shields, New York Life Benefit Services, Monitor Capital Advisors, Madison Square Advisors, stable value, and the securities and real estate groups.


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