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Fisher Consolidates MainStay's FA Sales Under One Chief
Stephen Fisher has consolidated MainStay Investments' [profile] advisor channel sales under a single chief. Meanwhile, another top MainStay executive is moving on.
"We wish him well in his future endeavors," the spokesman tells MFWire.
Meanwhile, NYLIM CEO Yie-Hsin Hung just appointed the unit's first chief operating officer, Kirk Lehneis. Lehneis will be in charge of M&A, strategic planning and implementation, and training and strategic technology initiatives. He previously led product development for NYLIM.
Steele's promotion and Nye's departure also come a few months after MainStay's U.S. retail distribution chief, Brian Jacobs, left the company.
In his new role, Steele reports directly to Fisher, who is president of both NYLIM and MainStay. Fisher praises Steele as "a MainStay veteran who has played an important role in [the company's] overall growth and success."
"Harvey has a proven track record of developing and leading analytical strategies that have successfully positioned our tenured sales professionals as specialists and trusted advisors to our clients," Fisher states.
Steele is an alumnus of Albion College. He worked at Lord Abbett and Cohen & Steers before joining NYLIM in 2007 as an external wholesaler and has since risen up through the ranks.
Nye is an alumnus of Northeastern. A veteran of both AllianceBernstein (now AB) and Fidelity, he first joined NYLIM and MainStay in 2011.
Printed from: MFWire.com/story.asp?s=54152
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