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June 02, 2015 7:59 PM ET

Capital Markets

Company Overview of New York Life Investment Management LLC

Company Overview

New York Life Investment Management LLC is a privately owned investment manager. The firm provides its services primarily to individuals. It also caters to investment companies, pension and profit sharing plans, pooled investment vehicles, and corporations. The firm manages separate client focused equity, fixed income, and balanced portfolios. It also manages mutual funds for its clients. The firm invests in the public equity and fixed income markets across the globe. It also invests in the alternative investments markets. The firm invests in the growth and value stocks of small-cap, mid-cap, and large-cap companies for its equity investments. For its fixed income portfolios, it invests in h...

51 Madison Avenue

New York, NY 10010

United States

Founded in 2000

Phone:

212-576-7000

Fax:

973-394-4635

Key Executives for New York Life Investment Management LLC

Chief Executive Officer
President
Age: 55
President of the Investments Group
Age: 51
Chief Financial Officer
Age: 50
Senior Managing Director, Head of Securities Operations and Client Reporting, Chair of the Securities Operations Oversight Committee, Member of the Management Committee and Member of the Human Resource Committee
Compensation as of Fiscal Year 2014.

New York Life Investment Management LLC Key Developments

New York Life Announces Executive Changes of New York Life Investment Management

New York Life announced that Yie-Hsin Hung, has been named as chief executive officer of New York Life's asset management subsidiary, New York Life Investment Management (NYLIM), effective immediately. The company noted that Hung reports to Chris Blunt, president of the Investments Group, which includes all of New York Life's asset management businesses, totaling more than $500 billion in assets under management. Hung was previously co-president of NYLIM. As CEO, she replaces Drew Lawton, who has decided to retire at the end of this year. He is now a special advisor to Blunt. Stephen Fisher, formerly co-president of NYLIM, is now president of NYLIM and reports to Hung. Fisher continues as president of the MainStay Funds. As head of NYLIM, Yie-Hsin will be able to bring her nearly 30 years of industry experience to the full breadth of the firm's investment management businesses. Yie-Hsin Hung joined New York Life in 2010 to run the institutional investments business and was promoted to co-president of NYLIM in 2014.

New York Life Investment Management LLC Announces Executive Changes

New York Life announced that Yie-Hsin Hung has been named chief executive officer of New York Life’s asset management subsidiary, New York Life Investment Management LLC (NYLIM), effective immediately. Ms. Hung reports to Chris Blunt, president of the Investments Group, which includes all of New York Life’s asset management businesses, totaling more than $500 billion in assets under management. Ms. Hung was previously co-president of NYLIM. As CEO, she replaces Drew Lawton who has decided to retire at the end of this year. He is now a special advisor to Mr. Blunt. Stephen Fisher, formerly co-president of NYLIM, is now president of NYLIM and reports to Ms. Hung. Mr. Fisher continues as president of the MainStay Funds. Ms. Hung came to the company with years of investments industry experience, most recently at Bridgewater Associates and as managing director and global head of strategic acquisitions and alliances at Morgan Stanley Investment Management. At Morgan Stanley, she also served as chief administrative officer and head of the firm’s private equity and absolute return businesses.

New York Life Announces Executive Changes

New York Life announced that Vice Chairman John Y. Kim, has been elected president, effective immediately. The president’s role has been held by Chairman and CEO Ted Mathas, who was elected to the position of president in 2007. Mr. Kim continues reporting to Mr. Mathas, who remains chairman of the board and chief executive officer. Mr. Kim retains the role of chief investment officer of New York Life, as well as overall responsibility for the Investments Group and enterprise-wide technology. With his promotion to president has been added to his current responsibilities. Mr. Mathas also announced that Chris Blunt, will return to Investments to run the Group as its president, reporting to Mr. Kim. Mr. Blunt joined the company in 2004 as head of New York Life Investments’ Retail Investments strategy, where he was successful in growing Investments’ sales of mutual funds through all of its distribution partners. Mr. Blunt most recently headed the Insurance & Agency Group with co-president Mark Pfaff. Mr. Pfaff will continue to run the Agency operations, reporting to Mr. Kim, who now has overall responsibility for the Insurance & Agency Group. Mr. Pfaff plans to retire at year-end after 30 years of distinguished service. Mr. Kim joined New York Life in 2008 after a 25-year as a highly successful business executive with deep knowledge of investment management and strong operational skills running numerous businesses. Prior to joining New York Life, he had been president of Prudential Retirement, where he led its defined benefit, defined contribution and guaranteed products businesses, and before that he was president of CIGNA Retirement and Investment Services.

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