Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

New York Life Lauches Stable Value Unit

X
Your article was successfully shared with the contacts you provided.

New York Life Insurance Company has set up a business that will create and distribute stable-value products.

Stable Value Investments, the new business, will offer products backed by book-value guaranteed from New York Life, New York, according to the company’s New York Life Investments division.

New York Life Investments has named Steven Dorval to be the managing director in charge of overseeing the new business.

The new business will focus on marketing to stable-value fund managers and large corporate plan sponsors, Dorval says.

New York Life has picked Aruna Hobbs to head the Stable Value Investments business.

Hobbs has been a member of the executive committee of the Stable Value Investment Association, Washington.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.