NU Online News Service, April 21, 2003, 4:02 p.m. EDT – New York Life Investment Management L.L.C., Parsippany, N.J., has hired Stephen Fisher to be a managing director.

Fisher will help develop and manage retail products, the company says.

Fisher previously was a product development executive at the asset-management unit of UBS A.G., Zurich. He also has worked in product development at Morningstar Inc., Chicago, and Prudential Financial Inc., Newark, N.J.

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