NEW YORK, N.Y., March 26, 2009 – New York Life International, LLC, the international arm of New York Life Insurance Company, announced today that Danny Lam has been named chief executive officer for its wholly-owned Taiwan subsidiary, New York Life Insurance Taiwan Corporation, pending regulatory approval. The appointment is effective immediately.
“Danny has a deep understanding of the Taiwan marketplace and he brings rich distribution, marketing and finance experience to his new role,” said Gary Bennett, executive vice president and Greater China CEO, New York Life International. “His appointment to lead our Taiwan operation comes at a critical time as we continue to strengthen our distribution strategy and performance in this large and important insurance market.”
“We are confident that Danny will build upon the success we have had and enhance our market position in Taiwan,” added John Harrison, vice chair, New York Life International, and chief executive officer - Asia region.
Mr. Lam brings more than 20 years of insurance industry experience to New York Life International. Most recently, he served as executive vice president, marketing and agency at ING Life Taiwan. For two years prior, Mr. Lam served as chief marketing officer where he restructured the company’s marketing function and significantly improved the new product development process and marketing support. He began his career with AIA in Hong Kong and held roles of increasing responsibility at AXA, including CFO & COO, Taiwan and deputy general manager, Hong Kong.
Mr. Lam earned his degree in Mathematics from the University of Hong Kong and is a Fellow of the Society of Actuaries, USA.
About New York Life
New York Life International, LLC is the international arm of New York Life Insurance Company, and offers insurance products through its subsidiaries and affiliates in Hong Kong, China, Taiwan, South Korea, India, Argentina, Mexico, 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 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.
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|New York Life Appoints Danny Lam As Chief Executive Officer For Its Taiwan Operation|