New York Life Investment Management Opens Office in Japan

Hires Industry Veteran Tatsuo Mizutori as Head of Office

Tokyo and New York, July 19, 2016 - New York Life announced today the appointment of Tatsuo Mizutori as the head of office for the newly-opened Japan branch of New York Life Investment Management Asia Limited. The Japan branch is currently seeking to obtain the business registrations and licenses that will be needed to permit the office to serve the needs of institutional clients in Japan.

New York Life Investment Management (“NYLIM”) is a leading global asset management firm with a growing global footprint and approximately $285 billion in assets under management as of March 31, 2016.

As head of the Japan office, Mr. Mizutori will be responsible for building NYLIM’s business in Japan, and overseeing all activities of the Japan branch. He has more than 30 years of experience in working with both Japanese and U.S. firms in the Japanese asset management market. “Mizutori-san is an incredibly talented executive and we are excited to have someone of his caliber and experience leading our expansion in Japan,” said John Grady, NYLIM International vice chairman and director, New York Life Investment Management Asia.

Prior to joining NYLIM, Mr. Mizutori was the chief portfolio manager of the advisory fund management department at Nomura Asset Management Co., Ltd., responsible for the investment advisory business for institutional clients. Previous to his role at Nomura Asset Management, he was managing director at Nomura Fund Research and Technologies Co., Ltd., where he led the multi-asset management department, in charge of institutional clients for its investment advisory business. Before that he worked for Russell Investments Japan Co. Ltd., where he served as director of Financial Institutions. Mr. Mizutori was also president and business leader for the Japan office of Mercer Global Investments, starting their operations in Japan in September 2005. He joined the investment consulting business of Mercer in 1997 and became the business leader of Investment Consulting, Japan. He has also held investment management roles with Nippon Credit Bank, and NCB Investment Management Co. Ltd. Mr. Mizutori holds both a CFA and CMA designation and is a graduate of Keio University.

“This is a time when Japanese investors are looking for new investment solutions. As one of the world’s most respected financial institutions, New York Life Investment Management is well positioned to bring its successful multi-investment advisory approach and first class investment capabilities and solutions to investors,” Mr. Mizutori said. “As part of a triple-A rated parent in New York Life, a mutual company with a long history in the investments business, once we obtain the business registration, I expect our offering to attract strong interest from Japanese clients.”

In addition, another veteran of the Japan financial industry, Noriko Kawamoto, joined New York Life in March 2016 and is responsible for the marketing activities for the Japan branch.

The Japan office is located at: Level 7, Wakamatsu Building, 3-3-6 Nihonbashi-Honcho, Chuo-ku, Tokyo 103-0023 Japan.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States1 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+).2 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 Investments3 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 for more information.

New York Life Investments ranks among the world's largest asset managers.4

New York Life Investment Management, the third party global asset management business of New York Life, manages approximately $285 billion in assets under management as of March 31, 2016. Its global business comprises its market-leading position in the United States and a significant presence in Europe, Australia, Asia, the Middle East and Latin America. Through its investment boutiques, New York Life Investment Management offers a wide range of investment solutions to its clients, including fixed income, equity, asset allocation, exchange-traded funds and alternative strategies.

New York Life Investment Asia Limited is part of New York Life Investment Management International, the international arm of New York Life Investment Management LLC.

1. Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/17/16. For methodology, please see
2. Individual independent rating agency commentary as of 8/11/15.
3. 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.
4. Source: New York Life Investments ranked 24th among the world's largest money managers within Pensions & Investments, May 30, 2016. Rankings are based on total worldwide institutional assets under management for the year-end 2015. New York Life Investments assets include assets of affiliated investment advisors.