NU Online News Service, Jan. 12, 2004, 2:56 p.m. EST – New York Life Insurance Company, New York, has named Lyndon McMullen to be president of New York Life Insurance Ltd., Seoul, Korea.[@@]

McMullen has been working in New York Life’s Asia regional headquarters in Hong Kong, but he helped run the Korean operation from 1998 to 2002, while the operation grew from being a joint venture to a wholly owned New York Life subsidiary. Individual life sales grew more than 600% while McMullen was in the Seoul office, New York Life says.

When McMullen returns to Korea, he will be looking for ways to work with other financial institutions in the Korean market as well as ways to increase sales through the existing distribution network, New York Life says.