NY Life Names Investment Management Head

Yie-Hsin Hung has been named chief executive of New York Life Investment Management after serving as co-president of the division.

Hung, who has nearly 30 years of experience, joined New York Life in 2010 to run the institutional investments business and was promoted in 2014 to co-president of the investment management group.  Previously, she was at Bridgewater Associates. She held numerous positions at Morgan Stanley Investment Management, including managing director, global head of strategic acquisitions and alliances, chief administrative officer and head of the firm’s private equity and absolute return businesses. Her time with Morgan Stanley began in the investment banking division, with a primary focus on real estate.

Hung reports to Chris Blunt, president of the Investments Group, which includes all of New York Life’s asset management businesses. The firm reports it has more than $500 billion in assets under management.

Hung holds a bachelor’s of science from Northwestern University and a master’s in business administration from Harvard Business School.

Hung takes over from Drew Lawton, who is now a special adviser to Blunt and will retire at the end of the year. Stephen Fisher, formerly co-president of New York Life Investment Management, is now president of NYLIM and reports to Hung. He continues as president of the MainStay Funds.