New York Life announced recently that John Y. Kim, 53, has been elected a vice chairman of the company and will now oversee the company’s technology function, in addition to his current responsibilities. Kim will continue as president of New York Life’s Investments Group, which includes the investment management, annuities and retirement plan recordkeeping businesses, as well as chief investment officer of New York Life Insurance Company. In these combined roles, he is responsible for approximately $400 billion in assets under management.
Ted Mathas, chairman and CEO of New York Life, says: “Under John Kim’s leadership our Investments business has grown to become a vital part of New York Life, significantly expanding our profile and our profitability and contributing to our financial strength. He also has done a superb job since 2011 as our chief investment officer. I’ve asked John to now expand his corporate responsibilities to include oversight of enterprise-wide technology, a key component of our future success. In recognition of this newly expanded role and the leadership, drive and commitment to our mission John has demonstrated since joining the company in 2008, he has been named vice chairman of the company. With John’s broad and deep experience and judgment, we know he will continue making important contributions in the position of vice chairman.”
by Ayo Mseka