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New York Life Investment Management's Chief Operating Officer Kirk Lehneis Appointed President Of MainStay Funds

NEW YORK, Sept. 28, 2017 /PRNewswire/ -- New York Life Investment Management (NYLIM), the global asset management business of New York Life, announces the appointment of Kirk Lehneis as president of its MainStay Funds. Mr. Lehneis assumes this responsibility, in addition to serving as chief operating officer of NYLIM.

Yie-Hsin Hung, chief executive officer of NYLIM, said, "We are delighted that Kirk will be taking on the role of president of the MainStay funds as we continue to strengthen our mutual fund product offering. Over his career, Kirk has proven to be an able steward for our investing shareholders and has made significant contributions to the company's success. We look forward to his leadership in developing and expanding MainStay's lineup of mutual funds."

On his appointment, Mr. Lehneis added, "It's a privilege to take on leadership of the MainStay fund family during a time of great change in our industry. Backed by our network of independent asset managers and the financial strength of our mutual insurance company parent, I'm confident in our ability to serve the needs of our distribution partners and investors, and deliver innovative investment solutions that deliver long-term value."

About MainStay Funds
MainStay is the mutual fund family of New York Life Insurance Company. MainStay provides access to a powerful mix of autonomous, institutional investment managers, delivered by experienced professionals who understand the needs of today's investors. For more information on MainStay, please visit mainstayinvestments.com.

About New York Life
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. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody's Investors Service (Aaa), Standard & Poor's (AA+).** 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. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life's website at www.newyorklife.com for more information.

*Based on revenue as reported by "Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual)," Fortune magazine, 6/12/17. For methodology, please see http://fortune.com/fortune500/.

**Individual independent rating agency commentary as of 8/1/17.

***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.

Media Contact:
Allison Scott
New York Life
212-576-4517
allison_scott@newyorklife.com

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SOURCE New York Life Investment Management