NEW YORK, October 4, 2021 – New York Life, America's largest1 and most admired2 mutual life insurer, today announced that Barbara G. Novick has joined the company’s Board of Directors, effective October 4, 2021. Ms. Novick is a co-Founder of BlackRock, the largest asset manager in the world. She will join the Board’s Insurance & Operations and Investment Committees.
Ted Mathas, Chairman and Chief Executive Officer of New York Life, said, “Barbara’s impressive and extensive understanding of the financial markets, public policy, and investment strategies and practices meaningfully deepens the expertise on our Board. New York Life will greatly benefit from her insights and experience as we continue to build on our legacy of delivering long-term benefits to our policy owners and clients.”
From the inception of BlackRock in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing and client service across equity, fixed income, liquidity, alternative investment and real estate products for institutional and individual investors and their intermediaries worldwide. In 2009, Ms. Novick established BlackRock’s Global Public Policy Group to provide a voice for investors. From 2018 to 2020, she additionally oversaw BlackRock's Investment Stewardship team. She transitioned from Vice Chairman to Senior Advisor in February 2021.
Ms. Novick serves on the board of the American Financial Exchange and on the advisory board of Growth Curve Capital. In addition, Ms. Novick serves on the boards of several non-profits related to the financial services industry.
Ms. Novick has received numerous awards recognizing her contributions to asset management and to the professional development of women in finance, and her active involvement in her community, including UJA Federation’s Gustave Levy Award, Chief Investment Officer’s Pioneer Award, 100 Women in Hedge Fund’s Effecting Change Award, and Women in Finance’s Trailblazer Award. Ms. Novick earned a BA degree, cum laude, in economics from Cornell University.
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 States1 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 agencies3.
1 Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/2/2021. For methodology, please see http://fortune.com/fortune500/.
2 As reported by “Fortune 2021 World’s Most Admired Companies ranking within Insurance (Life and Health),” Fortune magazine, 2/1/2021. For methodology, please see https://fortune.com/franchise-list-page/methodology-worlds-most-admired-companies-2021/.
3 Individual independent rating agency commentary as of 9/30/2021: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).
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