New York Life Insurance Company has appointed Allyson McDonald as the new senior vice president for its Retirement Income Security (RIS) operation, to lead relationship management for third-party distribution.

According to New York Life, Ms McDonald will report to Mike Coffey, senior vice president in charge of third-party distribution. She and her team will be responsible for developing and enhancing relationships with third-party distribution partners who distribute both New York Life annuities and MainStay mutual funds. She will also lead its internal sales desk capability.

Prior to joining New York Life, Ms McDonald was responsible for development and communications strategy at Clinton Foundation. Before that, she was senior vice president at Fidelity Investments in charge of sales and relationship management for their charitable services organization and also held positions at Goldman Sachs and Federated Investors.

Headquartered in New York City, New York Life Insurance Company is a mutual life insurance company that provides institutional asset management and retirement plan services and other affiliates provide an array of securities products and services, and also institutional and retail mutual funds.