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Deals and People July 8, 2015
MainStay Announces Portfolio Strategy Leader
Morgan Stanley veteran Charles Reinhard will lead portfolio strategy and thought leadership provided to advisers and investors.
Reported by PLANSPONSOR staff
MainStay Investments, a New York Life Company, has appointed Charles Reinhard managing director, leading portfolio strategy.
This newly created position will enhance and expand the approaches to multi-solution investment portfolio construction and adviser and investor education efforts offered across the MainStay Funds, IndexIQ ETFs and initiatives at MainStay partner firms. Based in New York City, Reinhard will report to Richard T. Miller, CFA, managing director and head of marketing and product management at MainStay Investments.
Reinhard joins MainStay Investments with more than 28 years of investment industry experience in various senior positions, including managing director and deputy chief investment officer in the Global Wealth Management Division at Morgan Stanley, where his responsibilities included global investment strategy and strategic and tactical asset allocation models. Reinhard also sat on the committee advising firm-managed client strategies.
Before joining MainStay, Reinhard was senior consultant of new products and investment strategy at Direxion Investments, where he had responsibility for creating new investment products and investment thought leadership. Prior to joining Morgan Stanley, Reinhard was director of portfolio strategy and associate director of research, senior vice president, at Neuberger Berman.
“We are thrilled to welcome Charlie to the company, as he will play a significant role in providing thought leadership and insights tailored to the retail and institutional marketplace,” says Stephen Fisher, president of New York Life Investment Management LLC (NYLIM) and MainStay Investments. “Charlie’s extensive experience as a market strategist and his knowledge of economic and capital markets will enable him to leverage the global thought leadership of MainStay’s multi-boutique model, deliver thoughtful insights and perspectives on market events, and help advisers build smarter portfolios for their clients—for any market environment.”