New York Life Names New CIO
Tony Malloy has been appointed to the position of chief investment officer for New York Life. He will be responsible for all assets backing the company’s guarantees and obligations.
Malloy spent the past five years serving as head of the organization now known as NYL Investors, which oversees more than $225 billion in fixed income and real estate investments on behalf of policy owners, clients and select strategic partners. He will continue to hold the title of chief executive officer of NYL Investors.
Malloy will report to New York Life President John Kim, who served as CIO beginning in 2010. Malloy also will join New York Life’s Executive Management Committee (EMC), which is headed by New York Life Chairman and CEO Ted Mathas.
“The chief investment officer role is especially critical in a mutual insurance company given our long-term financial orientation and singular focus on being there for our policy owners whenever they need us,” says Kim.
Malloy has more than 25 years of investment management experience behind him. He joined New York Life in 1999 and previously served as senior managing director, head of fixed income. Prior to New York Life, Malloy held various positions in lending, risk management and debt capital markets at other financial institutions. He received a bachelor’s degree from Middlebury College and holds a master’s degree from New York University.
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