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Deals and People October 14, 2009
New York Life to Expand DCIO Team
October 14, 2009 (PLANSPONSOR.com) - New York Life
Investments plans to hire three new vice presidents and one
internal sales representative for its defined contribution
investment only (DCIO) team in the next month or
two.
Reported by Rebecca Moore
The current team, run by Jeff Keller, managing director of the firm’s DCIO group, consists of three professionals who are based out of Parsippany, New Jersey, New York Life said. The team, which currently has $2.3 billion in assets under management, will remain responsible for the distribution of the MainStay Funds as well as a brand new initiative distributing New York Life’s stable value products into the defined contribution marketplace.
“Our current DCIO team of three professionals has been very successful to date and has done a tremendous job of getting us to this point. By adding a regional sales staff we will better equipped to capitalize on the demand for quality funds from trusted managers,” said Keller.