Deals & People October 15, 2013

New York Life Names Head of Plan Services

Patrick M. Murphy has been named head of New York Life Retirement Plan Services (RPS).
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Murphy, a veteran of more than two decades in the retirement plan industry, has served as managing director and head of sales for RPS since 2011. He joined the firm in 2004 as director, Northeast sales manager, responsible for the sales team in New England and New York.

“Pat Murphy is an outstanding choice to lead RPS, where he has played a key role in fueling our growth since joining nearly a decade ago. We are looking forward to many more contributions from Pat in his new role,” said Drew Lawton, senior managing director, New York Life’s Investments Group.

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Prior to joining New York Life, Murphy was vice president of sales for American Express Retirement Plan Services, a vice president in Putnam Investments’ Defined Contribution business, and a senior account representative with Diversified Investment Advisors. Murphy holds a Bachelor of Arts degree in organizational behavior/management from Brown University.

Murphy succeeds David J. Castellani, who has been named the company’s business information officer, a new position.

Products October 15, 2013

MSCI Rolls Out ESG Data Products

MSCI Inc., a provider of investment research and decision support tools, unveiled a collection of environment, social and governance (ESG) data and related quantitative analysis tools to facilitate proprietary ESG modeling and simplify portfolio footprint analysis.
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The new suite of tools and data, dubbed MSCI ESG DataMetrics, provides users with a means of driving ESG integration—or the factoring of current and future environment, social and governance considerations—into portfolio planning and asset allocation efforts.

Remy Briand, managing director and head of MSCI Index and ESG research, pointed to increasing investor awareness on ESG issues, as well as new pressures presented by a maturing market, as key reasons why advisers and portfolio managers should consider using the new system.

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DataMetrics includes 174 metrics on eight ESG issues for all companies on the MSCI World Index. Those metrics include data on carbon emissions, water stress, labor management, corporate governance and various other business and geographic risk exposures. 

Researchers included four years of raw data in the new system.

Advisers can use the system to identify trends and select ESG data that is most relevant to their clients. DataMetrics also offers more than 350 industry-specific metrics that inform the key issues of MSCI ESG Research’s rating model, MSCI ESG IVA.

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