Kim will also continue in his current roles as the president of New York Life’s Investments Group and chief investment officer of New York Life Insurance Company.
In these combined roles, Kim will be responsible for nearly $400bn in assets under management.
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New York Life chairman and CEO Ted Mathas said that under John Kim’s leadership the company’s Investments business has grown to become a vital part of New York Life, significantly expanding its profile and profitability and contributing to its financial strength.
"He also has done a superb job since 2011 as our chief investment officer. I’ve asked John to now expand his corporate responsibilities to include oversight of enterprise-wide technology, a key component of our future success.
"With John’s broad and deep experience and judgment we know he will continue making important contributions in the position of vice chairman." Kim added.
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