David Bedard Returns to New York Life as CFO of the Investments Group
NEW YORK -- October 2, 2013
New York Life’s Investments Group today announced the appointment of David G.
Bedard as senior managing director and chief financial officer. In this role,
Mr. Bedard will be responsible for financial and risk management for the
Investments Group, which provides a broad range of investment and retirement
solutions to institutional and retail clients and manages New York Life
Insurance Company’s general account assets. He will report to John Kim,
president of the Investments Group, and will serve as a member of the Senior
Mr. Bedard worked for New York Life from 2007-2010, first as CFO for New York
Life Investments^1 and subsequently for the U.S. Life Insurance and Agency
Division. He joins the company most recently from ING U.S., where he was
president of the Annuities Business.
“David brings nearly three decades of experience in the global investment
management and annuities business, and we are delighted to welcome him back to
New York Life,” said Mr. Kim. “Our Investments Group continues to experience
tremendous growth both as a global institutional and retail asset manager, and
as a leading provider of retirement-focused solutions to companies and
individuals. David’s expertise and knowledge of New York Life will be
essential in helping us further our success in the years ahead.”
Mr. Bedard’s previous experience includes heading The Hartford’s Global
Annuities Runoff Organization and serving as CFO for its largest division, the
U.S. Wealth Management Group. He has also held senior roles for Massachusetts
Mutual Life Insurance Company and Coopers & Lybrand LLP, where he became a
Mr. Bedard graduated Nichols College cum laude majoring in accounting with a
Bachelor of Science in Business Administration. He is a certified public
About New York Life's Investments Group
The Investments Group of New York Life includes: New York Life Investments,
which ranks among the largest asset management firms in the United States*,
managing assets through its multi-boutique structure; New York Life’s retail
and group annuity businesses; and New York Life’s Retirement Plan Services, a
highly-rated provider of bundled services to defined benefit and defined
contribution plans. The Investments Group offers institutional and retail
clients a broad range of guaranteed and traditional investment products and
retirement solutions. Together with its affiliates and over 2,000 employees,
the Investments Group of New York Life managed more than $388 billion in
assets as of July 31, 2013.
*Source: New York Life Investments ranked 29th among the world’s largest money
managers within Pensions & Investments, May 27, 2013. Rankings are based on
total worldwide institutional assets under management for the year-end 2012.
New York Life Investments assets includes assets of affiliated investment
About New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the
largest mutual life insurance company in the United States* and one of the
largest life insurers in the world. New York Life has the highest possible
financial strength ratings currently awarded to any life insurer from all four
of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s
Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York
City, New York Life’s family of companies offers life insurance, retirement
income, investments and long-term care insurance. Please visit New York Life’s
website at www.newyorklife.com for more information.
*Based on revenue as reported by “Fortune 500 ranked within Industries,
Insurance: Life, Health (Mutual),” Fortune magazine, May 20, 2013.
**Individual independent rating agency commentary as of 8/1/13.
^1 "New York Life Investments" is a service mark used by New York Life
Investment Management Holdings LLC and its subsidiary, New York Life
Investment Management LLC.
New York Life Insurance Company
Allison Scott, 212-576-4517
William Werfelman, 212-576-5385
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