Harvey Steele Promoted to National Sales Manager for MainStay Investments

Accomplished Executive Established Independent and RIA Channels, Helped Fuel Growth at MainStay

NEW YORK, May 27, 2016 – MainStay Investments (“MainStay”), a New York Life company, today announced the appointment of Harvey Steele as National Sales Manager. In this role, Mr. Steele is responsible for leading wirehouse and independent sales channels in the United States for MainStay Investments, a leading mutual fund and ETF distribution platform that provides access to world class institutional asset managers. Mr. Steele reports to Stephen Fisher, President of New York Life Investment Management (NYLIM) and MainStay Investments.

Mr. Steele has been with NYLIM since 2007. Prior to his new appointment, Steele led sales initiatives and business growth strategies for the Independent and Registered Investment Advisor (RIA) channels. As head of the Independent and RIA channels, he was instrumental in the tremendous growth and expansion that occurred over the past five years.

Said Mr. Fisher, “We are thrilled to promote one of our own, a MainStay veteran who has played an important role in our overall growth and success.”

“Since joining the firm nearly a decade ago, 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. We look forward to even more success in the future from Harvey and his deeply experienced team.”

Prior to joining NYLIM, Steele was a regional marketing associate at Cohen & Steers Capital Management. He started his career as an Internal Wholesaler at Lord Abbett & Co. He holds a Bachelor of Arts Degree in Economics from Albion College and Series 7, 24, and 66 licenses.

About MainStay Investments

With $79 billion in assets under management as of March 31, 2016, across retail mutual funds, exchange traded funds (ETFs) and variable product sub-accounts, MainStay Investments is the mutual fund and ETF distribution arm of New York Life Insurance Company. MainStay provides access to a powerful mix of autonomous, institutional investment managers, delivered by experienced professionals who understand the needs of today's investors. For more information on MainStay Investments, please visit mainstayinvestments.com.

MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC conducts business.

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. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.

New York Life Investments ranks among the world's largest asset managers****.

*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, please see http://fortune.com/fortune500/.
**Individual independent rating agency commentary as of 8/11/15.
***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.
****Source: New York Life Investments ranked 26th among the world’s largest money managers within Pensions & Investments, May 18, 2015. Rankings are based on total worldwide institutional assets under management for the year-end 2014. New York Life Investments assets include assets of affiliated investment advisors.

For additional information, please contact:

Allison Scott
New York Life Insurance Company
(212) 576-4517
(917) 579-8914
allison_scott@newyorklife.com

Kevin Maher
New York Life Insurance
(212) 576-6955
kevin_b_maher@newyorklife.com