New York Life Investment Management CIO Jae Yoon Receives the 2016 Irving Kahn Lifetime Achievement Award from the New York Society of Security Analysts
NEW YORK, November 22, 2016 - New York Life announced today that Jae Yoon, chief investment officer of New York Life Investment Management LLC (NYLIM), is the 2016 recipient of the Irving Kahn Lifetime Achievement Award. Mr. Yoon received the award recently at the New York Society of Security Analysts (NYSSA) Annual Dinner.
The Irving Kahn Lifetime Achievement Award, established in 2011 to honor the enduring contributions of Irving Kahn, one of NYSSA’s founders and the first recipient of the award, is presented to a member of the investment profession who has made distinctive contributions to the industry and whose exemplary achievement, excellence of practice, and true leadership have elevated the integrity and competence of the profession.
Chief Executive Officer of NYLIM, Yie-Hsin Hung, said, “We are thrilled to be able to congratulate Jae for receiving this industry recognition. He joined the firm over a decade ago and has been instrumental to our success over the years. In addition to being appointed NYLIM’s first CIO, his commitment to high standards of governance and investment discipline in our business has been critical to our global asset management growth aspirations.”
“Jae’s many contributions have been felt across our company and by many of our clients, and as the youngest recipient of this prestigious award, it is gratifying to see his contribution and dedication to excellence be recognized by the broader community,” added Ms. Hung.
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 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 www.newyorklife.com for more information. New York Life Investments ranks among the world's largest asset managers4.
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 http://fortune.com/fortune500/.
2. Individual independent rating agency commentary as of 6/9/16.
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.
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