Money Management

New York Life Investment Management hires global chief marketing officer

Ian Forrest was named global chief marketing officer at New York Life Investment Management, a spokeswoman confirmed.

The position is new. Mr. Forrest will be responsible for all NYLIM's marketing strategies. He will report to Kirk Lehneis, chief operating officer.

Mr. Forrest was a managing director and chief marketing officer for the Europe, Middle East and Africa region at BlackRock (BLK). Jon Fee, global head of exchange-traded fund and index investments marketing for BlackRock, will assume his responsibilities while a permanent replacement is sought, said a BlackRock spokeswoman.

NYLIM had $316 billion in assets under management as of Sept. 30.