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Chris Ashe Joins New York Life as Senior Vice President & Chief Financial Officer of Retirement Income Security

NEW YORK, N.Y., July 27, 2011 — New York Life Insurance Company announced today that Chris Ashe has joined the company as senior vice president and chief financial officer of the company’s Retirement Income Security (RIS) unit. He reports to executive vice president in charge of RIS, Chris Blunt.

Mr. Ashe is responsible for overseeing all financial aspects of the business including financial planning and reporting, product pricing, investment alignment and risk management for the RIS business unit.

Prior to joining New York Life, Mr. Ashe spent sixteen years at Prudential Financial, where he most recently served as vice president of financial and strategic planning at Prudential Annuities. Additionally, he served as chief financial officer in the retirement division at Genworth Financial, and Wachovia Corporation as assistant controller and operations director.

Mr. Ashe holds a bachelor’s degree in Business Management from Rutgers University, an M.B.A. from Georgia State University, and a chartered financial analyst (CFA) professional designation. He resides in Warren, New Jersey with his wife, Mindy, and their two children.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings from all four of the major credit rating agencies. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. Please visit New York Life’s Web site at www.newyorklife.com or www.newyorklife.com/careers for more information.

*Based on revenue as reported by “Fortune 500, Ranked within Industries, Insurance: Life, Health (Mutual),” Fortune Magazine, May 5, 2011. See http://money.cnn.com/magazines/fortune/fortune500/2011/faq/for methodology.

**New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.

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