Yie-Hsin Hung, Chief Executive Officer of New York Life Investment Management (NYLIM), the asset management arm of New York Life, has once again been named by American Banker as one of the 25 Most Powerful Women in Finance. American Banker’s Most Powerful Women in Banking program recognizes the professional achievements and influence of the top-performing female executives in banking and financial services.
Yie-Hsin joined New York Life in 2010 and quickly paved the path for NYLIM’s growth, ultimately tripling third-party assets under management to $317 billion.1 She broadened NYLIM’s investment capabilities in fixed income, equities, and alternatives; entered markets in Europe, the Middle East, and Asia organically and through the acquisition of Candriam and Ausbil; and introduced an exchange-traded funds (ETF) offering by acquiring IndexIQ, enabling NYLIM to enter an area of explosive growth among investors.
"Yie-Hsin blends strong leadership with quality of character, making her a true role model. It is these personal and professional attributes that make her one of the best in the finance industry," says John Kim, President, New York Life.
"Yie-Hsin is an exceptional leader who has long recognized the power of coming together as one firm with a breadth of capabilities to offer our clients. We are extremely proud of her accomplishments, as recognized today by American Banker," says Tony Malloy, Chief Investment Officer, New York Life.
The complete rankings are viewable on American Banker’s website and in the upcoming issue of American Banker. The annual program, now in its 16thyear, also includes the 25 Women to Watch, the 25 Most Powerful Women in Finance, and the Top Teams in Banking.
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1Assets under management as of 12.31.17.