NEW YORK, March 29, 2010 - New York Life Insurance Company announced today that Michael Gordon has been promoted to senior vice president in charge of the newly formed Agency-Life Operations (ALO) organization, which was created to better align the company's life product manufacturing with its career agency distribution. He reports to Paul Pasteris, senior vice president and chief operating officer of U.S. Life Insurance.
Mr. Gordon is responsible for overseeing ALO's eight sub-units: Affluent Market, Mass & Retirement Markets, Cultural Markets, Competitive Markets, ALO Actuarial, ALO Systems & Operations, Special Projects, and Advanced Services units. Included in the Affluent Market unit are NYLIFE Securities and Eagle Strategies, the company's broker-dealer and registered investment advisor divisions.
Previously, Mr. Gordon was first vice president responsible for Market Strategies in the Agency Department. Prior to being first vice president, Mr. Gordon held positions of increasing responsibility, including serving as corporate vice president in the Individual Annuity Department; corporate vice president in the Business Resilience Department, where he was New York Life's Corporate Records Manager; and serving as assistant vice president in the Corporate Internet Department, where he managed New York Life's public web site. Prior to joining New York Life in 2001, Mr. Gordon worked at Kopia, LLC, where he was president and CEO of an Internet professional services company, and he worked for Chase Manhattan Corporation as vice president in charge of Internet Strategy & Development for Chase Insurance Group.
Mr. Gordon received a B.A. in Philosophy from Colgate University, and completed extensive coursework in mathematics. He currently resides in New York City with his wife, Lin.
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 for more information.
*New York Life is the largest mutual life insurance company based on the Fortune 500, ranked within industries, Insurance: Life, Health (Mutual), Fortune magazine, May 4, 2009.
**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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|New York Life Elects Michael Gordon Senior Vice President of Agency-Life Operations|