Ted Mathas Becomes Chief Executive Officer Of New York Life
NEW YORK, N.Y., JUNE 30, 2008 – Ted Mathas tomorrow assumes the position of chief executive officer of New York Life Insurance Company, the largest mutual life insurance company in the United States with 15,000 employees and 50,000 agents worldwide, and more than $280 billion in assets under management Mr. Mathas, 41, retains the title of president of the company, a post he’s held since July 1, 2007. As CEO, he will oversee all of the company’s U.S. and international operations including individual life insurance, retirement income, investments and long-term care insurance. These operations include New York Life’s life insurance and annuity programs offered through AARP, and New York Life Investment Management, LLC, which provides institutional asset management, retirement plan and trust services, as well as institutional and retail mutual funds. Also, New York Life International, LLC, the international arm of New York Life Insurance Company, which offers insurance products in Asia and Latin America through its subsidiaries and affiliates in China, Hong Kong, India, Taiwan, Thailand, South Korea, Argentina and Mexico. (more…)
