NEW YORK, Sept. 25, 2017 /PRNewswire/ -- Yie-Hsin Hung, CEO of New York Life Investment Management (NYLIM), has been named a Most Powerful Woman in Finance by American Banker. The Most Powerful Women in Banking and Finance annually recognizes the professional achievements and influence of the top-performing female executives in banking and financial services.
"Yie-Hsin is among the exceptional talent moving this industry forward," said Bonnie McGeer, executive editor of American Banker and chair of its Most Powerful Women in Banking program. "The women selected for this honor are tackling tough business challenges with great success," she said. "They have different skill sets and strategies, illustrating that there are many ways to have a big impact."
NYLIM, the global asset management business of New York Life, oversees $311 billion1 in assets under management. Under the leadership of Ms. Hung, who was appointed CEO in 2015, NYLIM has redefined its multi-boutique asset management model. Organically and through acquisitions, the firm has expanded its footprint in Asia, Europe and Australia, and broadened its fixed income, equity and alternative investments capabilities.
"Yie-Hsin's track record of success and personal leadership has garnered respect and support across New York Life," said Ted Mathas, Chairman and CEO of New York Life. "Her ability to grow our asset management business into new asset classes and markets improves the value we deliver to our customers, and supports the unsurpassed financial strength of New York Life. We congratulate Yie-Hsin for this wonderful and well-deserved recognition."
Ms. Hung is the Chief Executive Officer of New York Life Investment Management LLC, New York Life's global multi-boutique third party asset management business and a member of the Executive Management Committee of New York Life. She joined the firm in 2010 with more than 25 years of industry experience, including senior roles at Bridgewater Associates and Morgan Stanley Investment Management. Ms. Hung received a BS in Mechanical Engineering from Northwestern University and an MBA from Harvard Business School.
About American Banker's Most Powerful Women in Banking
American Banker's Most Powerful Women in Banking recognizes the professional achievements and influence of the top-performing female executives in banking and financial services. The annual program, now in its 15th year, encompasses four lists: the 25 Most Powerful Women in Banking™, the 25 Most Powerful Women in Finance, the 25 Women to Watch, and the Top Teams in Banking. Rankings and details about the awards dinner are available at americanbanker.com/women-in-banking.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+).** Headquartered in New York City, New York Life's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life's website at www.newyorklife.com for more information.
*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/12/17. For methodology, please see http://fortune.com/fortune500/
**Individual independent rating agency commentary as of 8/1/17
***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 Assets under management as of 7.31.17.
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SOURCE New York Life Investment Management