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New York Life Adds Gerald Smith to Insurer’s Board of Directors

New York Life Insurance Co., the insurer with a portfolio of more than $170 billion, has hired Gerald Smith, chief executive officer of Smith Graham & Co. Investment Advisors, to its Board of Directors.

Smith, whose firm manages more than $5 billion in fixed income and equity portfolio strategies, will join the board on November 1, the company said today in a statement distributed by Business Wire.

To contact the reporter on this story: Susanna Pak in New York at spak10@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut@bloomberg.net

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