Products February 25, 2013

New York Life Launches Mobile App for Participants

February 25, 2013 (PLANSPONSOR.com) – New York Life Retirement Plan Services launched its mobile application for retirement plan participants.
Reported by

The app provides participants with a convenient alternative to New York Life’s main website while offering many of the same benefits. Via the ‘MyLifeNow’ mobile application, participants can access information about their 401(k) accounts, including account balance, personal rate of return, year-to-date contributions and investment allocation by asset class.  

Later this year, New York Life will launch more sophisticated functionality, including transaction capabilities.  

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The ‘MyLifeNow’ mobile application is free and available in the Apple App and Google Play stores.
Deals and People February 25, 2013

BNY Mellon Names Global Risk Group Leader

February 25, 2013 (PLANSPONSOR.com) – Debra Baker will lead BNY Mellon’s renamed Global Risk Solutions group, which brings together the functions of its current Performance & Risk Analytics business.
Reported by

Global Risk Solutions provides an array of investment analysis products and services, integrated with BNY Mellon’s core custody and accounting platforms. Clients such as pension funds, foundations and endowments, and other large financial institutions turn to the group for risk analysis, performance measurement, compliance monitoring, and peer group comparisons and attribution tools for their investment strategies.  

Baker re-joins Asset Servicing after leading the U.S. financial institutions client segment within BNY Mellon’s Corporate Trust business, for which she had earlier overseen the collateralized debt obligations unit and served as chief administrative officer. Prior to that, Baker held positions in Asset Servicing, focused on investment risk services, heading its global product management and global risk services groups.  

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“With a rise in alternative investment strategies, industry shocks and new regulatory requirements, it’s crucial for decisionmakers to be able to quickly analyze and assess their total investment risk,” said Vince Sands, executive vice president and deputy CEO of BNY Mellon’s Asset Servicing business. “Our new Global Risk Solutions group under Debra’s leadership is built specifically to do just that.”

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