MainStay Appoints Senior Executives to Registered Investment Advisor and Private Bank Sales Channels

Team Expansion Strengthens Foundation for Institutional Intermediary Business Growth

NEW YORK--(BUSINESS WIRE)-- MainStay Investments (“MainStay”), a New York Life Company, announced today further expansion of the Institutional Intermediary Business with the hires of Lance Oman and Greg Zipoli as senior regional vice presidents. Both will lead sales efforts in the Registered Investment Advisor (RIA) and Private Bank channels. Mr. Oman will cover the Western region and Mr. Zipoli will cover the North Central region.

“With their combined four decades of experience building relationships, supporting clients and driving business development, we are thrilled to welcome Lance and Greg to the Institutional Intermediary team and look forward to the value they will bring to MainStay,” said Brendan Gundersen, managing director and head of MainStay’s Institutional Intermediary Business.

“Lance joined us with an incredibly strong background in ETFs and active funds and he brings new depth to our sales effort with large RIAs and private banks. Over the past 20 years, Greg has built deep experience selling custody and both active and passive investment solutions to RIAs, representing new perspectives and relationships which will help drive business,” Mr Gundersen continued.

“Our goal for this year was to position our Institutional Intermediary Business for success and I am very pleased to report that we have made great strides in achieving this ambition, not the least of which includes the bench of new talent we have hired this year in DCIO and across the private bank and RIA channels,” said Stephen Fisher, president of New York Life Investment Management and MainStay Investments. “We are committed to delivering best in class products and solutions to our clients and are well-positioned to capitalize on the promising business opportunities in the marketplace as a result of the strong foundation we continue to build.”

Mr. Oman joins MainStay with over 20 years of experience in financial services. Most recently he served in relationship management and business development roles with Fidelity Investments and prior to that at Trust Company of the West. Previously, Mr. Oman worked at BlackRock as a director and iShares business development officer for the Bank Wealth Management channel. He began his career at Charles Schwab where he rose to regional director. Mr. Oman received a Bachelor of Science from California State University, Fresno. Mr. Oman is a CFA charterholder and has earned the Certified Investment Management Analyst designation.

Mr. Zipoli joins MainStay from Cedar Capital where he was a managing director and played an instrumental role in building the firm’s RIA business. Previously, he built the RIA business as a principal at State Street Global Advisors. Prior to that, Mr. Zipoli served as vice president at Fidelity Investments where he was charged with cultivating new revenue opportunities within the Midwest territory. Mr. Zipoli also worked at Boston Capital Partners and Sands Brothers & Co. in sales and business development roles. Mr. Zipoli received a Bachelor of Science from Ithaca College.

About MainStay Investments

With over $94.7 billion in assets under management as of June 30, 2015, across retail mutual funds, exchange traded funds (ETFs) and variable product sub-accounts, MainStay Investments is the mutual fund and ETF distribution arm 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 Investments, please visit www.mainstayinvestments.com. MainStay Investments® is a registered service mark and name under which New York Life Investment Management LLC does business.

About New York Life Insurance Company

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 and retirement plan services. 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, 6/15/15. For methodology, see http://fortune.com/fortune500/.

** Individual independent rating agency commentary as of 8/11/15.

*** 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151104005952/en/

New York Life Insurance Company
Jacqueline Meere
212-576-5301
646-468-0020
[email protected]
or
Allison Scott
212-576-4517
917-579-8914
[email protected]

Source: MainStay Investments

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