New York Life Insurance Company named Ted Mathas as CEO-elect. He retains his title as president and will succeed CEO Sy Sternberg when he retires on June 30, 2008. Sternberg, who has been CEO for more than a decade, will remain chairman
of the New York
Schwab Institutional announced that the executive in charge of sales, Bernie Clark, will expand his responsibilities to include all of Schwab’s practice management programs for advisors, along with technology consulting and Schwab Performance Technologies, the portfolio management software subsidiary which recently acquired Etelligent Consulting.