Kim Named as Chairman of NY Life Investments

Executive Vice President John Y. Kim will take on the role of Chairman of New York Life Investments effective January 1, 2011, the company announced today.

The chairman title is currently held by Gary Wendlandt, who is retiring at the end of the month after nearly 40 years in the industry. The company said Kim, currently President and CEO of New York Life Investments, will be Chairman and CEO of Investments.  The president’s title will not be used. 

As previously announced, Kim will also become Chief Investment Officer of New York Life Insurance Company on January 1, 2011, a role also currently filled by Wendlandt (see “Kim Adds CIO to his List of Titles“).

Kim also is a member of the Executive Management Committee, which is comprised of New York Life’s senior executive leadership and assists the CEO in setting policy for the company. Kim reports to Ted Mathas, chairman and CEO of New York Life Insurance Company.

Kim joined New York Life in 2008 with 25-years as a business executive. Prior to joining New York Life, he had been president of Prudential Retirement, where he led its defined benefit, defined contribution and guaranteed products businesses, and before that he was president of CIGNA Retirement and Investment Services.

He also spent 17 years with Aetna Life & Casualty, where he was CEO and Chief Investment Officer of Aeltus Investment Management, as well as CIO of Aetna Life Insurance and Annuity Company. Kim is a graduate of the University of Michigan and holds an MBA degree from the University of Connecticut.