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New York Life Investments history
New York Life Investments company history timeline
In 1986, Congress established the third Monday in January as a national holiday in his honor.
1991 MainStay begins offering institutional mutual funds making us the first insurance company to offer them.
1994 MainStay retail funds surpass $5 billion, and MainStay institutional funds approach $2 billion.
Final proofs for advertisements for Mainstay Funds, featuring a Champaign bottle christening a ship, February 3, 1995.
April 3, 1995 Supreme Court Justice Sandra Day O'Connor became the first woman to preside over the Court, sitting in for Chief Justice William H. Rehnquist who was out of town.
April 1, 1997 Seymour “Sy” Sternberg became chairman and CEO of New York Life.
1999 Founding of GoldPoint Partners, a premier private equity manager.
2000 New York Life Investment Management LLC (NYLIM) is created to provide institutional and retail clients with a diverse offering of fixed-income, equity and alternative products and solutions under one roof.
2001 Founding of Madison Capital Funding, a direct lender to private equity-backed middle-market companies.
2002 New York Life becomes the largest mutual life insurance company in America.
Renowned for his business acumen, Sternberg would remain CEO until June 30, 2008.
2010 New York Life initiates a strategic focus on growing its investments business to help offset low interest rates—the company has $287 billion in assets under management.
In 2012, New York Life became one of the first life insurers to launch a corporate venture capital unit (New York Life Ventures).
AUM beginning in 2012 excludes Assets under Administration.
2013 NYLIM opens South Korea office.
2014 Acquisition of Europe-based boutique, CANDRIAM (previously named Dexia Asset Management), a pioneer in sustainable and responsible investing.
In 2016, the company established the Center for Data Science and Artificial Intelligence (CDSAi), focused on creating new ways to harness the power and intelligence of our extensive data, while providing learning opportunities for employees interested in data science.
2016 NYLIM opens Japan office.
In 2017, New York Life added the Life Insurance Fast Track Program (LIFT) which allowed eligible clients to bypass the Expanded Blood Draw (EBD), a first in underwriting.
2018 CANDRIAM announces strategic partnership with Tristan Capital Partners, a premier European real estate manager.
Source: Individual independent rating agency commentary as of 10/15/2020: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+). Dividends are not guaranteed.
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New York Life Investments competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Stifel Financial | 1890 | $49.8M | 7,100 | 131 |
| Raymond James Financial | 1962 | $1.7B | 18,910 | 893 |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 227 |
| MFS Investment Management | 1924 | $500.0M | 1,901 | 26 |
| Bankers Trust Company | 1903 | $150.0M | 573 | 22 |
| AllianceBernstein | 1967 | $4.1B | 3,450 | 124 |
| Neuberger Berman | 1939 | $2.8B | 2,000 | 140 |
| HSBC Investments | 2003 | $6.7B | 15,650 | - |
| J.P. Morgan | 1985 | $2.0B | 6,000 | - |
| Santander Private Banking International | 1857 | $10.0M | 465 | 183 |
New York Life Investments history FAQs
Zippia gives an in-depth look into the details of New York Life Investments, including salaries, political affiliations, employee data, and more, in order to inform job seekers about New York Life Investments. The employee data is based on information from people who have self-reported their past or current employments at New York Life Investments. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by New York Life Investments. The data presented on this page does not represent the view of New York Life Investments and its employees or that of Zippia.
New York Life Investments may also be known as or be related to New York Life Investments and New York Life & Mainstay Investments.