New York Life Appoints Lehneis COO of New York Life Investment Management

Jun 3 2016 | 6:37pm ET

New York Life has promoted Kirk Lehneis as chief operating officer of the company’s investment management unit. 

As COO, Lehneis will be responsible for strategic planning and implementation, with a focus on growing the firm’s alternative investment solutions, exchange-traded funds and international footprint, according to the company. He will also be responsible for mergers and acquisitions, training and strategic technology initiatives in support of the business.

Lehneis has been a senior managing director of New York Life Investment Management (NYLIM) since September 2015 and with the firm since 2005. In his new role, he will report to Yie Hsin Hung, CEO of NYLIM, and will be a member of NYLIM's management committee.

Prior to joining New York Life Investments, Mr. Lehneis progressed through senior roles with GivingCapital, Inc., including director of client service and product development for donor-advised fund product distribution to the financial services market. He began his career with a focus in sales and marketing with Unisys Corp. and

“With NYLIM’s strong growth and successful global expansion, we felt that the time was right to build out our executive management team,” said Hung. “In his eleven years with New York Life and MainStay, Kirk has demonstrated outstanding leadership and judgment, and has been a key partner within Steve Fisher’s senior team in building our MainStay business in the United States.”

NYLIM is a leading multi-boutique investment management firm providing a wide array of fixed income, equity and alternative investment capabilities and solutions to a broad range of institutional and individual investors around the world. Its operations include New York Life's family of independent investment boutiques; MainStay Investments, the company's mutual fund distribution platform in the US; and IndexIQ, its exchange-traded fund business.

NYLIM had nearly $285 billion in assets under management as of March 31, 2016. Its parent, New York Insurance Company, was founded in 1845 and is the largest mutual life insurance company in the United States. 

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