MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, May 20, 2015 Kim Rises: New York Life Investments Has a New Chief John Kim is on the rise again, and a familiar face is taking the day-to-day reins over New York Life Investments, which includes New York Life Investment Management and its retail MainStay Funds [profile] brand.
Blunt first joined New York Life in 2004, leading the retail investments strategy within the investments group. Later Blunt and Mark Pfaff served as co-presidents of New York Life's insurance and agency group. Pfaff remains in that role, now reporting to Kim, and will retire at the end of 2015.
As for Kim, he joined New York Life in 2008 as head of the investments group after leading Prudential Retirement (and leading the Cigna Retirement and Investment Services before Pru purchased it). He's an alumnus of the University of Michigan and of UConn. Mathas notes that New York Life's assets under management have doubled to $540 billion since Kim took over seven years ago. Since then, Kim rose to chief investment officer of all New York Life (overseeing the mutual insurer's general account) and vice chairman of the whole company, as well as head of the investments group. Both of New York's major operating groups, investments on the one hand and insurance and agency on the other, will now report to Kim. New York Life's investments group includes NYLIM, led by CEO Drew Lawton (another veteran 401(k) executive, like Kim). NYLIM previously included New York Life Retirement Plan Services, which John Hancock bought in a deal that closed earlier this spring. (That deal also saw New York Life take over 60 percent of Hancock's life insurance policies on a reinsurance basis.) Printed from: MFWire.com/story.asp?s=51839 Copyright 2015, InvestmentWires, Inc. All Rights Reserved |
