HONG KONG SAR, April 26, 2007 – New York Life International LLC, the international arm of New York Life Insurance Company, announced today that Allan Roney succeeded Lyndon McMullen as president and representative director for its wholly-owned Korean subsidiary, New York Life Insurance Limited. The appointment is effective immediately.
“We are confident that Allan will build on our international and local reputation for professionalism and financial strength, and provide our growing client base in Korea with innovative and sound solutions to their financial security needs,” said John Harrison, chief executive officer - Asia region, New York Life International, LLC.
Mr. Roney is a life insurance industry veteran with over 26 years of management, business development and finance experience. He has held numerous executive posts with Australian insurer, Colonial Mutual Group, where he worked for the majority of his career. Mr. Roney successfully led a number of Colonial’s operations throughout the Asia-Pacific region, including the company’s joint venture business in Malaysia and its Group Finance division at the company’s headquarters in Melbourne; he later had executive responsibility for its operations in five countries in the region.
Most recently, Mr. Roney was a partner in a financial services management-consulting firm he co-founded, which focused on providing strategic and operational advice for businesses in the Asia-Pacific region.
About New York Life
New York Life Korea, established in 1991 in Seoul, is committed to providing its customers with a comprehensive range of life insurance products and services.
New York Life International, LLC, the international arm of New York Life Insurance Company, offers insurance products through its subsidiaries and affiliates in South Korea, China, Hong Kong, India, Argentina, Mexico, Taiwan, and Thailand.
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 ranks in the top two life and health insurance companies in the world, according to the 2007 Fortune “World's Most Admired Companies” survey, published in March 2007. Headquartered in New York City, New York Life’s family of companies offer life insurance, retirement income, investments, 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.
Visit New York Life’s Web site at www.newyorklife.com for more information.
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|New York Life Appoints Allan Roney As President And Representative Director For Its Korean Operation|