New York Life Names David Bedard CFO [Manufacturing Close – Up]

Proquest LLC

New York Life's Investments Group announced the appointment of David G. Bedard as senior managing director and chief financial officer.

According to the company, in this role, Bedard will be responsible for financial and risk management for the Investments Group, which provides a broad range of investment and retirement solutions to institutional and retail clients and manages New York Life Insurance Company's general account assets. He will report to John Kim, president of the Investments Group, and will serve as a member of the Senior Leadership Team.

Bedard worked for New York Life from 2007-2010, first as CFO for New York Life Investments1 and subsequently for the U.S. Life Insurance and Agency Division. He joins the company most recently from ING U.S., where he was president of the Annuities Business.

"David brings nearly three decades of experience in the global investment management and annuities business, and we are delighted to welcome him back to New York Life," said Kim. "Our Investments Group continues to experience tremendous growth both as a global institutional and retail asset manager, and as a leading provider of retirement-focused solutions to companies and individuals. David's expertise and knowledge of New York Life will be essential in helping us further our success in the years ahead."

Bedard's previous experience includes heading The Hartford'sGlobal Annuities Runoff Organization and serving as CFO for its largest division, the U.S. Wealth Management Group. He has also held senior roles for Massachusetts Mutual Life Insurance Company and Coopers & Lybrand, where he became a partner.

The Investments Group of New York Life includes: New York Life Investments, which is an asset management firm in the United States, managing assets through its multi-boutique structure; New York Life's retail and group annuity businesses; and New York Life's Retirement Plan Services, a highly-rated provider of bundled services to defined benefit and defined contribution plans.