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New York Life Appoints Brian Murdock to Executive Management Committee

NEW YORK, N.Y., January 25, 2005 — New York Life Insurance Company has announced the appointment of Brian A. Murdock to its Executive Management Committee. Mr. Murdock is President of New York Life Investment Management LLC, the company's investment subsidiary with over $185 billion in assets under management. He reports to Gary E. Wendlandt, Chairman and Chief Executive Officer of New York Life Investment Management. The Executive Management Committee is comprised of New York Life's senior executive leadership and directs the policies and procedures for the company.

"We are proud to announce Brian's appointment to the Executive Management Committee," said Sy Sternberg, Chairman and Chief Executive Officer of New York Life Insurance Company. "His knowledge and experience, from both an investment management and international perspective, will make him a valuable addition to the Committee as it sets policy for the continued growth of the company."

Mr. Murdock joined New York Life Investment Management last May. As President of New York Life Investment Management, he oversees a variety of business units, including Guaranteed Products, Retirement Plan Services, Retail Investments and New York Life Capital Partners LLC, as well as several of New York Life Investment Management's business support units. He also serves on the board of New York Life Investment Management. Prior to joining New York Life, Mr. Murdock worked for Merrill Lynch for 25 years where he held a number of senior positions that spanned all three operating regions: the United States, Europe and Asia/Pacific.

Mr. Murdock is a graduate of Cornell University and resides in Princeton, New Jersey with his wife and four 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. Headquartered in New York City, New York Life's family of companies offers life insurance, annuities and long-term care insurance. New York Life Investment Management LLC 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.

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New York Life Appoints Brian Murdock to Executive Management Committee

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