NU Online News Service, Aug. 27, 12:15 p.m. – New York Life Investment Management L.L.C., Parsippany, N.J., has hired Dough Amacher and Bob Stone to be directors in its institutional division.

Amacher will sell New York Life’s investment management services to institutional clients, and Stone will sell the company’s services to institutional investment consultants.

Amacher previously worked for several fund management companies. He has a bachelor’s degree from the University of Virginia and a master’s degree in business from DePaul University in Chicago.

Stone previously was a managing director of Paradigm Partners International L.L.C., Beverly Hills, Calif. He has a bachelor’s degree from Villanova University and a master’s degree in business from Long Island University.

New York Life Investment Management is a unit of New York Life Insurance Company, New York.