Industry Veteran Don Salama Promoted to Run New York Life Investment Management Retirement Plan Services

Oct 30, 2006, 00:00 ET from NYLIM Retirement Plan Services

    WESTWOOD, Mass., Oct. 30 /PRNewswire/ -- The retirement plan services
 division of New York Life Investment Management LLC (NYLIM), announced
 today that Don Salama, 46, has been promoted to oversee all of NYLIM
 Retirement Plan Services. He will maintain the title senior managing
     Until this promotion, Salama was a senior managing director of sales,
 marketing and product development at the retirement plan provider. Salama
 replaces and continues reporting to Barry Schub, executive vice president
 of NYLIM Retirement Plan Services. Schub in turn has assumed additional
 responsibility at NYLIM.
     (Photo: )
     "Don has made many notable sales and marketing contributions to
 Retirement Plan Services and to the corporation as a whole," said Schub.
 "This promotion and additional responsibility are in recognition of Don's
 many successes and we are very pleased that he will be leading this group
     "I'm very proud of the fact that in survey after survey, we get the
 highest marks for client service while doubling the size of our business
 the last four years," said Salama. "Going forward, I expect NYLIM
 Retirement Plan Services' superior management team to help us continue on
 this tremendous growth path."
     Reporting to Salama will be: Tom Clough, senior managing director
 responsible for the NYLIM Retirement Plan Services' mid- and large-market
 business; Joe Henehan, managing director and chief financial officer for
 the division; Sam Mancino, managing director of the retirement plan
 provider's small plan business; Jeff Keller, managing director of sales
 strategy and marketing; Mark Strazzeri, managing director of advisor and
 consultant sales; John Santaguida, director of Taft-Hartley sales; and
 Steven Dorval, director and head of investment services.
     Salama has held numerous positions in the retirement plan industry over
 the last 20 years, including general management of Retirement Plan
 Solutions at Hartford Financial Services, managing institutional sales and
 marketing for the Vanguard Group, and holding other senior positions in
 sales, marketing, and operations at various firms. Don earned a BS in
 Aerospace Engineering from the University of Wisconsin at Madison and his
 MBA from Cornell University.
     About NYLIM Retirement Plan Services
     NYLIM Retirement Plan Services oversees more than 2,100 comprehensive
 defined contribution, defined benefit and deferred compensation plans as of
 August 31, 2006. With offices in Westwood, Massachusetts, and Parsippany,
 New Jersey, NYLIM Retirement Plan Services administers retirement programs
 for small, medium and large companies, multi-employer plans, and
 individuals throughout the United States, and is widely recognized for its
 leadership in bundled defined contribution and bundled defined benefit
     With more than $225 billion in assets under management as of August 31,
 2006, New York Life Investment Management LLC and its affiliates provide
 investment management and related services to a wide range of individual,
 corporate, public, and Taft-Hartley clients. NYLIM offers institutional
 asset management, retail investments, retirement plan services, guaranteed
 products, real estate investments, and alternative investments. For more
 information, visit NYLIM's website at

SOURCE NYLIM Retirement Plan Services