Matt Grove, Senior Vice President, PMU & Retail Annuities

Bio

Senior Vice President Matt Grove has oversight of the life insurance, retail annuity and business marketing functions for New York Life's Insurance and Agency Group. The Insurance and Agency Group represents New York Life’s core businesses, including its industry-leading life and annuity businesses, as well as career agency and direct distribution channels. In his role, Mr. Grove is responsible for managing the functions necessary to deliver New York Life’s consumer value proposition, while optimizing the economics of the business. Mr. Grove is a member of the Executive Management Committee of New York Life and reports to the President of New York Life.

Prior to this role, Mr. Grove was Chief Administrative Officer of the Insurance and Agency Group, responsible for strategy, advanced analytics, internal consulting, new business, underwriting, and various other functions.

Before joining the Insurance and Agency Group, Mr. Grove led New York Life's Retail Annuities business. Mr. Grove was accountable for all aspects of the annuity business P&L, including product, service and technology, marketing, and distribution.

Prior to joining New York Life in 2009, Mr. Grove was the Chief Marketing Officer of Jefferson National, an insurance company focused on serving the needs of the Registered Investment Advisor (RIA) market. Before Jefferson National, he was the President and Founder of Diginexus, a technology consulting firm focused on building enterprise software for financial services firms. Mr. Grove started his career as an investment banker at Donaldson, Lufkin & Jenrette.

Mr. Grove has a Bachelor of Science Degree in Engineering from the University of Pennsylvania, where he graduated summa cum laude, and an MBA from Columbia University.

Go back to our newsroom to read more stories.