Mainstay Names Institutional Intermediary Channel Leader

Brendan Gundersen has joined Mainstay Investments as a managing director to head the firm’s institutional intermediary channel.

Gundersen will be responsible for leading, building and growing the institutional intermediary channel, identifying and overseeing opportunities with private bank and trust; large registered investment advisers (RIAs); defined contribution investment only (DCIO); and research platforms. Gundersen, who is based in New York, will report to Stephen Fisher, co-president of New York Life Investment Management and president of MainStay Investments.

With 20 years of industry experience, Gundersen was previously managing director at BlackRock iShares, where he was responsible for building a market-leading business and strong partnerships across a variety of private bank and institutional clients.

Previously, Gundersen held several leadership roles at GE Asset Management, most recently, vice president, global leader of the sub-advised channel for institutional business. He began his career at Standard and Poor’s Ratings Group.

Gundersen holds a bachelor’s degree in marketing from Plattsburgh State University and a master’s of business administration in finance from Albany State University. He holds FINRA Series 7, 64, 65 and 24 registrations.

Mainstay Investments, the mutual fund distribution arm of New York Life, reports more than $101 billion in assets under management as of October 31.