Anthony Malloy to Lead General Account Investment Management at New York Life Investments

NEW YORK, April 5, 2011 /PRNewswire/ -- New York Life Investments has announced that Anthony Malloy has assumed executive leadership of the firm's newly named General Account Investment Management line of business, which has primary responsibility for managing the fixed income assets of New York Life.  

In addition to his existing responsibilities overseeing Fixed Income and Madison Capital Funding, the firm's commercial finance subsidiary, Malloy will assume responsibility of Real Estate and now oversee more than $164 billion in portfolios for both New York Life's General Account and third party clients.  He will report directly to John Kim, chairman and CEO of New York Life Investments and chief investment officer of New York Life Insurance Company.

Prior to joining New York Life in 1999, Malloy worked with J.P. Morgan, Toronto-Dominion and First Chicago, respectively.  He received a BA from Middlebury College and an MBA in Finance from New York University.  

"Managing the assets of New York Life is paramount to our organization's mission. I am very pleased to have someone of Tony's caliber assist me in the stewardship of the Company's assets while also leading such an important core business," said Kim.  

Malloy succeeds Frank Ollari, a forty-year veteran of the Company who has led Real Estate since 1987 and Fixed Income since 2000.  He will retire from the firm on June 30th.

"Frank leaves a legacy of accomplishment and service to New York Life that is rivaled by very few.  He has always managed his professional and personal standards at the highest level and has been invaluable to me as an advisor since I joined the Company in 2008. I am grateful for his lasting contributions to the success of our organization," said Kim.  

With Malloy assuming leadership of General Account Investment Management, Thomas Girard has been appointed new head of the Fixed Income Investors Group at New York Life Investments.  Girard joined New York Life in 2007 and is currently responsible for the Core Fixed Income team.  In his new role, he will oversee more than $134 billion in fixed income investments including high yield bonds, investment grade corporate bonds, bank loans, private placements, emerging markets, project finance, and asset-backed securities.  

Girard will continue to serve as co- portfolio manager for Investment Grade and Stable Value portfolios.  

Prior to New York Life, Girard was formerly managing director and co-head of Fixed Income at Robeco Investment Management/Weiss Peck & Greer.  Earlier in his career, Girard worked as a portfolio manager with Bankers Trust.  He is a graduate of St. John Fisher College (BS in Accounting) and Fordham University (MBA in Finance).

"In addition to his investment skill and acumen, Tom brings strong leadership and management capabilities to this position and will prove crucial to both Tony and me in managing the General Account.  I am proud that our organization possesses the depth of quality leadership in people like Tony and Tom so that we can sustain our success in a seamless transition," concluded Kim.

About New York Life Investments

New York Life Investments ranks among the largest asset management firms in the United States.(1) Through its multiple boutique management structure, New York Life Investments offers access to leading institutional managers that drive performance. Through MainStay Investments and NYLIFE Distributors LLC, New York Life Investments provides access to some of the most highly regarded mutual funds and wrap accounts in the industry. Together with its affiliates and over 1,400 employees, New York Life Investments manages over $282 billion in assets as of December 31, 2010. New York Life Investments is a leading provider of retirement plans for corporations, multi-employer trusts, and individuals, and is recognized as one of the nation's top providers of guaranteed products to both the qualified and non-qualified markets.

"New York Life Investments" is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.

(1) Source: Pensions & Investments, May 31, 2010.

Contacts:

Allison Scott
New York Life Investments
212-576-4517
[email protected]

SOURCE New York Life Investments