John Y. Kim, has been elected president of the mutual life insurance company New York Life effective immediately. Kim will report to Chairman and CEO Ted Mathas, who held the position of president since 2007. Kim will continue to report to Mathas, who remains chairman of the board and chief executive officer.
Kim, who last served as vice chairman and chief investment officer, expanded New York Life’s asset management business to Europe and Australia and established a strategic relationship in Asia, adding $100 billion in assets under management, Mathas said. The group’s profitability also advanced sharply under Kim’s leadership, contributing to the company’s financial strength and to the dividends paid to policy owners.
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