New York Life Promotes Malloy to Chief Investment Officer

Jan 17 2017 | 6:18pm ET

Financial services giant New York Life has announced the appointment of Tony Malloy as the company’s chief investment officer.

In his new role, Malloy will be responsible for all of the assets that back the company’s guarantees and obligations, according to an email seen by FINalternatives. He takes on the CIO position after serving for more than five years as head of the organization now known as NYL Investors, which oversees more than $225 billion in fixed income and real estate investments. He will continue to hold the title of chief executive officer of NYL Investors.

Malloy assumes the CIO position from New York Life president John Kim, who has fulfilled that role since 2010, and will report to him. In recognition of his expanded role, Malloy also joins New York Life’s Executive Management Committee, which is led by New York Life Chairman and CEO Ted Mathas.  

“The CIO 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,” said Kim in the statement. “Tony and the investment teams he oversees have performed masterfully in the face of relentlessly low interest rates and volatile equity markets. We congratulate him on this achievement and look confidently forward to his stewardship of the company’s general account.

Malloy brings more than 25 years of investment management and financial services experience to his new position, the company said. He joined New York Life in 1999 and was previously head of fixed income and head of leveraged finance. Prior to New York Life, Malloy held positions of increasing responsibility in lending, risk management and debt capital markets at other financial institutions.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world.

In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...


FINalternatives Trending

From the current issue of