Leadership

Investments Group

Leadership

John Kim – Vice Chairman and Chief Investment Officer, New York Life Insurance Company

John Kim is Vice Chairman and Chief Investment Officer (CIO) of New York Life Insurance Company (NYL). He is responsible for all divisions and subsidiaries of the Investments Group which includes the investment management, annuities, and retirement plan recordkeeping businesses. He also oversees NYL’s Enterprise Technology division. Mr. Kim is a member of the Executive Management Committee of NYL.

Prior to joining the company, Mr. Kim was President of Prudential Retirement; President of CIGNA Retirement and Investment Services; and President and CEO of Aeltus Investment Management, a subsidiary of ING Group. He was also the Chief Investment Officer of Aetna Life Insurance and Annuity Company.

Mr. Kim is a Chartered Financial Analyst® and holds FINRA Series 7 and 24 registrations.

Education

Mr. Kim received a bachelor's degree from the University of Michigan and a master's degree in business administration from the University of Connecticut.

 

Senior Leadership Team

  • Sara L. Badler – Chief Investments Counsel

    Sara Badler is responsible for all legal work for the Investments Group. This encompasses NYL Investors LLC, Annuities, and New York Life Investment Management LLC (NYLIM) – including Institutional and MainStay Funds. She also has oversight over the legal functions at the investment boutiques. Ms. Badler has more than 25 years of industry experience.

    Ms. Badler was with New York Life Insurance Company from 1994 to 1999 and rejoined the company in 2004. She held positions of increasing responsibility in the Office of General Counsel prior to assuming her current position.

    Previously, Ms. Badler was with Morgan Stanley and Van Kampen Investments. During her two years at Morgan Stanley, she was Executive Director responsible for all legal work for U.S. equity mutual funds. During her time at Van Kampen Investments, she was promoted to the role of General Counsel and was responsible for all legal and compliance work for the firm’s business which included open-end funds, closed-end funds, and unit investment trusts. Earlier in her career, Ms. Badler worked for Oppenheimer Funds and Damson Oil Corporation, a syndicator of limited partnerships.

    Education

    Ms. Badler received a A.B. degree from Cornell University, a Master of Science degree from Bank Street College of Education and a Juris Doctor from Fordham University School of Law.


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  • David G. Bedard – Chief Financial Officer

    David Bedard is the Chief Financial Officer of New York Life’s Investments Group and reports to John Kim, Vice Chairman of New York Life. Mr. Bedard is responsible for all the finance functions for the Investments Group, as well as oversight of Investments Group Technology, Strategic Technology Investments, Mergers & Acquisitions, and Risk Management.

    Mr. Bedard re-joined the company in 2013 having previously worked at New York Life from 2007-2010 — first as CFO for New York Life Investments and subsequently for the U.S. Life Insurance and Agency division. Most recently, he was the President of the Annuities Business for ING U.S. His prior experience includes positions with The Hartford Financial Services Group, including as Head of the Global Annuities Runoff Organization and as CFO for the U.S. Wealth Management Group, and positions with Massachusetts Mutual Life Insurance Company and Coopers & Lybrand LLP, where he became a partner.

    Education

    Mr. Bedard holds a BS in Business Administration with a major in accounting from Nichols College and he is a certified public accountant (CPA).


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  • David J. Castellani – Business Information Officer

    David J. Castellani serves in the newly created position of Business Information Officer for New York Life Insurance Company (NYL). In this role, Mr. Castellani is responsible for translating NYL’s business goals into clear enterprise technology solutions, for driving process improvements across company operations, and for establishing consistent governance over all information technology initiatives. His areas of focus include the oversight of large technology initiatives, the development of a comprehensive data strategy, and the continued evolution of Enterprise Technology’s service capabilities.

    Mr. Castellani has a nearly 33-year history in the financial services industry, and has held various positions related to business, sales, marketing, and product development during this time. Prior to joining New York Life in 2011 as head of the Retirement Plan Services business, David was a Managing Director and the Chief Marketing Officer at EWM, LLC, a wealth management firm based in Zurich, Switzerland and New Canaan, CT. Earlier, he served a combined 25 years at Prudential Retirement and CIGNA Corporation. He also founded two start-up companies, both of which centered on the use of technology to drive process improvement.

    Education

    Mr. Castellani received a Bachelor of Arts degree from the College of the Holy Cross, and completed the Entrepreneurial Leadership Program at the Harvard Business School.


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  • Donald Desiderato – Chief Technology Officer

    Don Desiderato is the Chief Technology Officer for the New York Life Investments Group. Mr. Desiderato is accountable for the Retirement Administration, Distribution and Marketing, Investment Operations and Warehouse Platforms, along with Infrastructure Services, and Business/IT Risk Management. In addition, he is a member of the Investments Group Senior Leadership Team.

    Mr. Desiderato is a seasoned executive with broad information technology experience including life insurance, annuities, retirement services, and international insurance. Prior to New York Life, he served as Principal within the insurance practice at Novarica, a division of Novantas, a leading management consultancy and information services provider for the financial services industry. Mr. Desiderato has held divisional Chief Information Officer Roles at Prudential and ING, as well as, various IT leadership positions at Citigroup. In each of these roles, he led significant transformational IT initiatives both domestically and internationally.

    Education

    Mr. Desiderato earned a BS in Computer Information Systems from Quinnipiac University.


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  • Allan Dowiak – Head of Human Resources

    Allan Dowiak is in charge of all Human Resource efforts of the New York Life Investments Group. In this role, his responsibilities include Employee Relations, Training, Organizational Development, Compensation, and Diversity initiatives. Mr. Dowiak has more than 10 years of industry experience and has been in the Human Resources profession for over 30 years.

    Prior to joining the firm in 2002, Mr. Dowiak spent 18 years in various Human Resource positions at Automatic Data Processing, Inc. He performed in regional, divisional, and corporate staff roles of increasing responsibility, ultimately serving as Vice President, Human Resources at ADP.

    Education

    Mr. Dowiak received his BA from Rutgers University.


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  • Stephen Fisher – Co-President of New York Life Investment Management LLC

    Stephen Fisher is Co-President of New York Life Investment Management LLC (NYLIM). He also serves as President of the MainStay Funds and Chief Marketing Officer for the New York Life Investments Group. Mr. Fisher is responsible for overseeing the MainStay Funds - including product development, portfolio analytics and risk oversight, administration, broker/dealer and shareholder services, marketing, creative/digital services, and Third Party Distribution.

    Prior to joining the firm in 2003, Mr. Fisher was responsible for marketing and product management for UBS Global Asset Management as a Managing Director. Previously, he held senior executive positions in marketing and product development at both Morningstar, Inc. and Prudential Investments. Mr. Fisher has over 25 years of industry experience.

    Mr. Fisher holds FINRA Series 7, 24, and 63 registrations.

    Education

    Mr. Fisher holds a BA in Economics from the University of Pennsylvania and received his MSc. in Economics from the London School of Economics.


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  • Matthew Grove – Head of Individual Annuities

    Matthew Grove is responsible for leading New York Life's Individual Annuities business, which had sales of $9.5 billion in 2013. In this capacity, he is accountable for all aspects of the annuity business P&L, including product, marketing, distribution, service, and technology. Mr. Grove reports to John Kim, Vice Chairman of New York Life.

    Prior to joining New York Life, Mr. Grove was the Chief Marketing Officer of Jefferson National, an insurance company focused on serving the needs of the RIA market. He was responsible for developing and marketing the leading annuity product distributed through the RIA channel.

    Prior to Jefferson National, Mr. Grove was the President and Founder of Diginexus, a technology consulting firm focused on building enterprise software for financial services firms. Mr. Grove started his career as an investment banker at Donaldson, Lufkin & Jenrette.

    Education

    Mr. Grove has a BSE in Computer Science from the University of Pennsylvania, where he graduated Summa Cum Laude, and an MBA from Columbia University.


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  • Yie-Hsin Hung – Co-President of New York Life Investment Management LLC

    Yie-Hsin Hung is Co-President of New York Life Investment Management LLC (NYLIM). Ms. Hung is responsible for overseeing the fixed income, private equity, and international investment boutiques. She also serves as the Chairman of NYL International. Previously she was Head of the former Institutional Investments business within the New York Life Investments Group. In this capacity, she was responsible for the equity, fixed income, and alternatives focused investment boutiques.

    Ms. Hung joined the firm in 2010 with more than 25 years of industry experience, having most recently served as senior advisor at Bridgewater Associates and 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, head of the firm's private equity and absolute return businesses, and had responsibility for the business development effort of the Alternative Investments group. Prior to that, Ms. Hung was a Managing Director in Morgan Stanley's Investment Banking Division for a number of years, with a primary focus on Real Estate.

    Education

    Ms. Hung received BS in Mechanical Engineering from Northwestern University and her MBA from Harvard Business School.


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  • Drew Lawton – Chairman and CEO of New York Life Investment Management LLC

    Drew Lawton is Chairman and Chief Executive Officer (CEO) of New York Life Investment Management LLC (NYLIM) overseeing the company’s global asset management businesses including Institutional Investments, MainStay Mutual Funds, Strategic Asset and Allocation Solutions, and Retirement Plan Services (RPS). These businesses represent over $210 billion in assets under management as of December 31, 2013.

    Mr. Lawton joined the company in 2010 with a deep and diversified background in several key industry areas. Prior to his current role, he was the Head of the former Retirement Solutions business within the New York Life Investments Group and had oversight for RPS, Guaranteed Products, Retail Annuities’ product and service organizations, and third party distribution for mutual fund and annuity products. Previously, he oversaw New York Life’s equity- and fixed income-focused investment boutiques.

    Mr. Lawton has over 30 years of industry experience including 11 years with Fidelity Investments in Boston, where he served initially as Senior Vice President at Fidelity's Retirement Services Company and later as Executive Vice President of DB Solutions for the Fidelity Employer Services and then President and CEO of Fidelity Management Trust Company. In 2005, he was instrumental in the formation of Pyramis Global Advisors Trust Company, Fidelity's institutional asset management firm, where he also served as President and CEO. Prior to his tenure with Fidelity, Mr. Lawton spent 16 years with Aetna serving in a variety of positions, most recently as Chief Marketing Officer for Aeltus Investment Management, responsible for defined benefit and defined contribution distribution, marketing, and client service of investment products.

    Mr. Lawton currently serves on the National Board of Directors of the Make-A-Wish Foundation of America.

    Education

    Mr. Lawton received a BA from Yale University and his MBA in Finance from the University of North Texas.


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  • Anthony Malloy – CEO of NYL Investors LLC

    Tony Malloy is the Chief Executive Officer of NYL Investors LLC, a wholly-owned investment management subsidiary of New York Life Insurance Company. Mr. Malloy is responsible for NYL Investors’ investment teams, strategies, and overall management of the firm. He is responsible for more than $198 billion of fixed income and real estate assets for New York Life’s general account and third party clients.

    Mr. Malloy has more than 25 years of investment management and financial services experience. He joined the firm in 1999 and previously held the position of Senior Managing Director and head of Fixed Income. He also served as Managing Director and head of Leveraged Finance.

    Prior to joining New York Life, Mr. Malloy achieved positions of increasing responsibility in lending, risk management, and debt capital markets with J.P. Morgan, Toronto-Dominion, and First Chicago.

    Education

    Mr. Malloy received his BA in English and Economics from Middlebury College and his MBA in Finance from New York University.


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  • Alison Micucci – Head of Group Annuities and Chief Administrative Officer

    Alison Micucci is head of New York Life Group Annuities, which includes the Guaranteed Products and Structured Settlements businesses. She also serves as the Chief Administrative Officer (CAO) of the New York Life Investments Group. In this role, she is responsible for Strategy, Internal Communications, Project Management Activities, and support for New York Life’s Vice Chairman.

    Ms. Micucci joined the firm in September 2002, assumed the role of Chief Compliance Officer in 2003 and later served as Head of Legal and Compliance. She also previously acted as the Chief Compliance Officer for the MainStay Funds. Prior to assuming her CAO role, Ms. Micucci led the Guaranteed Products division.

    Previously, Ms. Micucci was a Vice President at Goldman Sachs Asset Management with management responsibilities over a range of investment adviser compliance areas. She began her career as an enforcement attorney with the U.S. Securities and Exchange Commission and also worked as an in-house attorney for Prudential Investments providing legal support on investment advisory issues. Ms. Micucci has over 20 years of industry experience.

    Education

    Ms. Micucci received a BA from the University of Massachusetts in Amherst, MA, where she graduated Phi Beta Kappa, cum laude with a double major in Economics and Political Science and a JD from Western New England College School of Law in Springfield, MA where she graduated cum laude and was a member of the Law Review. She is admitted to practice law in New York, New Jersey, and Massachusetts.


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  • Arthur Seter – Deputy Chief Investment Officer

    Arthur Seter is the Deputy Chief Investment Officer and Chief Derivatives Officer of New York Life Insurance Company (NYL), reporting to the Vice Chairman of NYL, John Kim. He also serves as the Secretary of the Investment Committee of the Board of NYL.

    Prior to his current position with the firm, to which he was named on July 1, 2006, Mr. Seter was a Senior Managing Director and head of the Financial Management Group. Prior to joining NYL in 1989, he worked at E.F. Hutton and L.F. Rothschild, first as a financial analyst and later as an investment banker specializing in mortgage finance. Mr. Seter has over 30 years of industry experience.

    Mr. Seter is a CFA® charterholder.

    Education

    Mr. Seter graduated from Sussex University in England with a BS in Operations Research and earned an MBA from Adelphi University.


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