New York Life | May 11, 2020
NEW YORK – New York Life Investments, the global asset management business of New York Life, today announced it has won the “Instinet Positive Change Award for Diversity, Inclusion & Belonging” at Markets Media’s 2020 Markets Choice Awards.
The Instinet Positive Change Awards recognize achievements that have far-reaching impact in three areas: Visionaries; Diversity, Inclusion & Belonging; and Philanthropy. The awards showcase firms that are agents for positive change in the world around us and individuals who go beyond excellence at their day jobs.
“New York Life Investments is an exemplary global investment manager that is known for its distinctive culture and focus on talent development. The firm’s mission of ensuring a better financial future for clients and their loved ones goes hand-in-hand with a focus on development and diversity of talent,” said Mohan Virdee, Chief Executive Officer of Markets Media Group. “We are thrilled to bestow this award on such a well-deserving organization that continues to evolve our industry through its vision in diversity, inclusion and belonging.”
“It is a tremendous honor to receive this inaugural Positive Change award for diversity, inclusion and belonging from Markets Media. We are proud that New York Life Investments is being recognized for its commitment to prioritizing culture and elevating the importance of diversity in our industry,” said Yie-Hsin Hung, Chief Executive Officer of New York Life Investment Management. “In this time of unprecedented change, we believe that the culture of our organizations and the collective strength and resiliency of our people could not be more important to our clients and the future of our industry.”
This is New York Life Investments’ fourth Markets Choice Award. Previous awards included: New York Life Investment Management CEO Yie-Hsin Hung’s receipt of the 2019 Markets Choice Awards Person of the Year, and Alexandra Wilson-Elizondo’s Receipt of the Excellence in Fixed Income Award and Lauren Goodwin’s Receipt of the Rising Star Award at the 2019 Markets Choice: Women in Finance Awards.
With $593 billion in Assets Under Management* as of December 31, 2019, New York Life Investments is comprised of the affiliated global asset management businesses of our parent company, New York Life Insurance Company (New York Life). We offer clients access to specialized, independent investment teams through our family of affiliated boutiques. We remain committed to our clients through a combination of the diverse perspectives of our boutiques and a long-lasting focus on sustainable relationships.
New York Life Insurance Company (www.newyorklife.com), 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 Insurance Company's family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Insurance Company has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies***.
*AUM includes assets of Investment Advisors affiliated with New York Life Insurance Company as of December 31, 2019. AUM for Candriam and Ausbil is reported at the spot rate.
**Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/1/19. For methodology, please see http://fortune.com/fortune500/.
***Individual independent rating agency commentary as of 9/12/19: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+). The financial strength of New York Life Insurance Company applies only to its insurance products and not to investment products which are subject to market risk and fluctuation in value.
"New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.
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