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Deals and People October 4, 2001
NYLIM Names New Head of Retirement Services
October 4, 2001 (PLANSPONSOR.com) - New York Life
Investment Management (NYLIM) has hired former E*Trade
executive Barry A. Schub, 47, to head its Retirement Services
business. Schub takes the reins from NYLIM Senior Managing
Director Marc Brookman, who will head a new unit focused on
marketing NYLIM's institutional investment
capabilities.
Reported by Nevin E. Adams
At E*Trade, Schub was a Vice President managing online 401(k) and 529 programs as well as retail retirement products. Previously he was President of United Asset Management Retirement Plan Services, where he oversaw all aspects of UAM’s retirement operation.
Brookman’s new team will market separate accounts, commingled funds, alternative investments and real estate investment products to a variety of institutional investors. Brookman will also be responsible for the New York Life Trust Company, where he will develop NYLIM’s High Net Worth and IRA Rollover businesses, according to the company.
Brookman had led the Retirement Services unit at NYLIM for the past several years.