NEW YORK, October 7, 2020 – Yie-Hsin Hung, CEO of New York Life Investment Management (NYLIM), the global asset management business of New York Life, has been selected by American Banker as one of the Most Powerful Women in Finance in 2020, marking the fourth consecutive year she has received this recognition. American Banker annually recognizes the professional achievements and influence of the top-performing female executives in banking and financial services.
As CEO, Ms. Hung is responsible for all aspects of NYLIM’s global business, which spans nine specialist investment management boutiques with offices in the U.S., Europe, Asia and Australia, and a diversified U.S. mutual fund and ETF operation. Since she joined the organization in 2010, NYLIM’s assets under management have tripled through a combination of geographic expansion, organic initiatives and acquisitions, which expanded the firm’s international presence from 10 percent of total assets to more than 50 percent. Ms Hung became CEO of NYLIM in 2015.
“For the past five years, New York Life Investment Management has thrived under Yie-Hsin’s leadership,” said New York Life Chairman and CEO Ted Mathas. “I’m proud of what she’s accomplished, and especially proud of how she’s done it – with a focus on diversity, equity, inclusion, and sustainability. She deserves this prestigious recognition.”
“There are many women and men across financial services who are doing extraordinary work in a year of incredible disruption that is unlike anything we have ever experienced before. Against this backdrop, where the circumstances have raised the bar for everyone, the women selected for this honor continue to stand out as the best of the best,” said Bonnie McGeer, executive editor of American Banker and chair of its Most Powerful Women in Banking and Finance program.
The full list can be found here: https://www.americanbanker.com/list/most-powerful-women-in-finance
About American Banker’s Most Powerful Women in Banking program
American Banker's Most Powerful Women in Banking program recognizes the professional achievements and influence of top-performing female executives in banking and financial services. The annual program, now in its 18th year, encompasses the following lists: the 25 Most Powerful Women in Banking, the 25 Most Powerful Women to Watch, the 25 Most Powerful Women in Finance, and the Top Teams in Banking. All of the lists and details about the virtual awards events are available at https://www.americanbanker.com/women-in-banking.
About New York Life
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’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies**.
*Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 5/18/20. 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+).
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