Drew Lawton, CEO of New York Life Retirement Plan Services, was given the additional title of CEO of traditional investments, confirmed spokesman John Puccio.
In that new role, Mr. Lawton will assume oversight of the traditional investment boutiques in New York Life Investment Management’s multiboutique lineup: MacKay Shields, Institutional Capital and McMorgan & Co.
Yie-Hsin Hung joined NYLIM as CEO of alternative investments, assuming oversight of the group’s private equity boutique, New York Life Capital Partners, in addition to overseeing alternative product development and marketing across the enterprise. The position is new. Ms. Hung comes to NYLIM from Bridgewater Associates, where she served as a management committee adviser. Bridgewater spokesman Alexei Nabarro couldn’t immediately be reached for comment.
The positions taken by Mr. Lawton and Ms. Hung effectively absorb the responsibilities previously held by John C. Siciliano, who left as a senior managing director and CEO of investment boutiques with NYLIM at the end of October.
Finally, John Grady was named NYLIM’s CFO. He assumes those responsibilities from interim CFO Dan Andriola, who is resuming his previous role as a managing director and comptroller at NYLIM, overseeing all financial operations-related activities. Previously, Mr. Grady oversaw the treasury department as well as the mergers and acquisitions area at New York Life.