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Opalesque Industry Update - New York Life Investment Management (NYLIM), the global asset management business of New York Life, announces the appointment of Kirk Lehneis as president of its MainStay Funds. Mr. Lehneis assumes this responsibility, in addition to serving as chief operating officer of NYLIM. Yie-Hsin Hung, chief executive officer of NYLIM, said, "We are delighted that Kirk will be taking on the role of president of the MainStay funds as we continue to strengthen our mutual fund product offering. Over his career, Kirk has proven to be an able steward for our investing shareholders and has made significant contributions to the company's success. We look forward to his leadership in developing and expanding MainStay's lineup of mutual funds." On his appointment, Mr. Lehneis added, "It's a privilege to take on leadership of the MainStay fund family during a time of great change in our industry. Backed by our network of independent asset managers and the financial strength of our mutual insurance company parent, I'm confident in our ability to serve the needs of our distribution partners and investors, and deliver innovative investment solutions that deliver long-term value." |
Industry Updates
NYLIM taps Kirk Lehneis for MainStay Funds
Thursday, September 28, 2017
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