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New York Life Promotes Hy Pomerance to Chief Human Resources Officer

NEW YORK, N.Y., March 4, 2013 — New York Life announced today that Hy Pomerance has been elected a senior vice president of the company and promoted to chief human resources officer. Mr. Pomerance was previously chief talent officer. He continues to report to Senior Vice President Barry Schub, who oversees a number of corporate departments including Corporate Strategy, Corporate Communications and Human Resources, and who formerly served as chief human resources officer.

In his new role, Mr. Pomerance assumes additional responsibility for Compensation and Benefits, Employee Relations and the HR Business Partners function. Mr. Pomerance joined New York Life in 2009 as a first vice president and head of Talent Development, and in 2010 he became chief talent officer. In 2012, his role was expanded to include responsibility for Talent Acquisition and the HR Services unit, with additional oversight for the Office of Diversity and Inclusion.

Prior to joining New York Life, Mr. Pomerance held multiple roles of increasing responsibility at various companies, including UBS Investment Bank as managing director – global head of talent management and also executive director – head of learning and development.

Mr. Pomerance received his Bachelor of Arts and Master of Arts degrees from Yeshiva University, and his PhD from Albert Einstein College of Medicine. He resides in Weston, CT with his wife, Susan, 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 financial strength ratings currently awarded to any life insurer by 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 for more information.

*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, May 21, 2012. See http://www.money.cnn.com/magazines/fortune/fortune500/2012/faq/ for methodology.

**Source: Third Party Ratings Reports as of 2/1/13.

***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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