John Grady Joins New York Life in Senior Finance Post

NEW YORK--(BUSINESS WIRE)-- New York Life Insurance Company announced today that John Grady has joined its Corporate Finance Department as a senior vice president responsible for the Mergers & Acquisitions area and the Treasury Department. He reports to Executive Vice President and Chief Financial Officer Michael Sproule.

Prior to joining New York Life, Mr. Grady worked at Old Mutual plc, most recently as executive vice president, global strategy and corporate development, with responsibility for long-term strategic planning implementation and merger and acquisition related activities. Mr. Grady joined Old Mutual in 2002 as the chief financial officer of Old Mutual Asset Management and was responsible for the organization’s financial activities, including accounting, management reporting, tax reporting, and treasury functions. Before that, Mr. Grady was senior vice president and global treasurer of CDC IXIS Asset Management and also held various financial positions at Fleet Financial Group and The Boston Company.

Mr. Grady holds a B.S. degree in Business Administration from Providence College and an MBA from the Boston University School of Management. He resides in Westwood, Massachusetts, with his wife, Janice and four children.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments* provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as institutional and retail mutual funds. Visit New York Life’s Web site at www.newyorklife.com for more information.

*New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.

New York Life

Terri Wolcott, 212-576-5624

[email protected]

or

Sloane & Company

Amanda Kiely, 212-446-1896

[email protected]

Source: New York Life