New York Life Insurance Co. announced the appointment of Barry Schub as SVP in charge of Human Resources, effective Jan. 4, 2010. Schub is currently a senior executive with New York Life Investments, a wholly owned subsidiary, where he is responsible for overseeing Retirement Plan Services, Strategy and Mergers & Acquisitions. He will report to Ted Mathas, New York Life's chairman, president and CEO. “Barry is a great choice to lead our human resources team to the next level," says Mathas. "He has a three-decade track record of developing people and systems to foster growth and enable high performance—a key objective of our human resources plans going forward. And given his eight years of excellent performance with New York Life, he has the confidence of management and the Board. We’re looking forward to many more contributions from Barry in the years ahead.” As part of his new role, Schub is joining New York Life’s Executive Management Committee, which is comprised of New York Life’s senior executive leadership and assists the CEO in setting policy for the company. The appointment to the Committee is effective immediately. Schub began his career with Bankers Trust Co., where he was in a series of senior management positions for 18 years in sales, marketing and client service. Immediately prior to joining New York Life Investments in 2001, he was a VP at E*TRADE Group Inc., with responsibility for institutional and retail retirement products as well as college savings programs. Before that, he was president of a subsidiary of United Asset Management, which offered comprehensive services for defined contribution plans.
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