New York Life International, the international arm of New York Life Insurance Company, has appointed Mario Vela as director general and head of its wholly owned Mexican subsidiary, Seguros Monterrey New York Life, effective immediately.

Mr Vela was serving as director of Seguros Monterrey New York Life’s (SMNYL) agency, its sales force of professional advisors.

Mr Vela will succeed William Beaty. Mr Beaty served as country head of SMNYL since joining international in 2000 and was promoted to vice chairman of New York Life International.

Dick Mucci, chairman and CEO of New York Life International, said: Mario has added tremendous value to SMNYL during his eight years with the organization, overseeing the growth of a highly trained professional field force, and the build-out and success of the market-leading operations center in Queretaro.