To oversee the overall business development of Retirement Income Security products

New York Life Insurance has named Tom Johnson as the head of business development for Retirement Income Security.

He will handle the overall business development of Retirement Income Security products, which include income and investment annuities, long-term care insurance and mutual funds, with an emphasis on defined contribution plans and 401(k) rollover options.

Mr Johnson reports to Chris Blunt, executive vice president in charge of Retirement Income Security.

Mr Blunt, said: “I am very pleased that Tom is joining New York Life. Tom brings a wealth of knowledge, industry best practices and networks that will help us continue the momentum we have had since the division’s creation last year, aimed at providing holistic solutions for advisors to use with their clients that address each phase of the retirement process.”

Mr Johnson joins New York Life with 33 years in this industry, most recently with MassMutual as senior vice president, Retirement Income, Strategic Business Development, where he led business development of their retirement income platform.

In addition to over 10 years at MassMutual, he worked at Federated Investors, Inc. and his family firm, The Johnson Companies.