To assist in setting policy for the company

New York Life Insurance has appointed Barry Schub as senior vice president in charge of Human Resources, effective January 4, 2010.

Mr Schub is currently a senior executive with New York Life Investments, a wholly owned subsidiary, where he is responsible for overseeing retirement plan services, strategy and mergers & acquisitions.

Ted Mathas, chairman, president and CEO of New York Life, said: “Barry is a great choice to lead our human resources team to the next level. He has a three-decade track record of developing people and systems to foster growth and enable high performance, a key objective of our human resources plans going forward.”

As part of his new role Mr Schub is joining New York Life’s executive management committee, which is comprised of New York Life’s senior executive leadership and assists the CEO in setting policy for the company. He will report to Mr. Mathas.

Mr Schub’s career experience includes banking as well as investment management. He began his career with Bankers Trust Company, where he was in a series of senior management positions for 18 years in sales, marketing and client service. Immediately prior to joining New York Life Investments in 2001, he was a vice president at ETRADE Group, with responsibility for institutional and retail retirement products as well as college savings programs.