New York Life Insurance Company says John Kim will be taking over from Gary Wendlandt as chief investment officer at the end of the year.
Wendlandt has been at New York Life, New York, since 1999, and one of his accomplishments was helping the company keep its triple-A ratings during the Great Recession, according to New York Life Chairman Ted Mathas.
Kim, 49, is president of New York Life Investments, and he will keep that title when he becomes CIO for the company as a whole, the company says.
Kim began working for New York Life in 2008 and previously was president of the Prudential Retirement unit at Prudential Financial Inc., Newark, N.J. (NYSE:PRU).
Kim has a bachelor’s degree from the University of Michigan and a master’s degree in business from the University of Connecticut.
In other personnel news:
- Transamerica Retirement Services, Los Angeles, a unit of AEGON N.V., The Hague, Netherlands (NYSE:AEG), has hired Charmaine Hughes to be vice president of business development.
Hughes will be based in Milwaukee.
Hughes previously was national director, emerging business retirement plan services, at a unit of Marshall & Ilsley Corp., Milwaukee.
Hughes holds the Chartered Retirement Plan Specialist and Accredited Investment Fiduciary professional designations.
- The Simsbury, Conn., life business of Hartford Financial Services Group Inc., Hartford (NYSE:HIG), has named Scott Sanderson to be vice president, government market and client management, in the retirement plans group.
Sanderson previously was vice president and national sales manager in the investment products division.