Joel Albarella, Senior Vice President of New York Life Ventures
Joel is Senior Vice President and Head of New York Life Ventures, the corporate venture capital unit of New York Life. Joel founded the Ventures group in 2012 and manages venture investments, business development activities, strategic partnerships, and innovation efforts across New York Life.
Joel has led the team in executing 29 venture capital investments, working with over 100 start-ups to facilitate “proof of concept” tests with teams across New York Life, and forming strategic partnerships with a select number of these businesses. New York Life Ventures has delivered strong, consistent returns on its investments that benefit New York Life’s policy holders. The team has produced top quartile investment returns since its inception, and continues to add new solutions and capabilities across the company’s business operations.
Joel started his journey at New York Life in 2001 in Corporate Finance reporting to the CFO of the Investments Group. Since then, he has held multiple leadership roles across the company, including, Chief of Staff to the Chief Investment Officer of NYL and CEO of the Investments Group. Prior to that Joel was the Director of Strategy and Mergers & Acquisitions, responsible for leading due diligence activities for several NYL Investments acquisitions projects. He also covered public funds for the Institutional Sales organization within the Investments Group.
Before joining New York Life, Joel worked for firms such as Deutsche Asset Management and Hewitt Associates.
Joel earned his BA from Rutgers University and MBA from Columbia University. He is a member of the Eagle Academy Foundation’s Board of Directors.
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