In this newly established position, McGuire will cover client relationships in the Eastern U.S.
According to a press release, McGuire is the founder and
chairman of the Global Alpha Forum conference and the founder and
president of the Connecticut Hedge Fund Association (CTHFA). Most
recently, he served as a hedge fund specialist for Merrill Lynch and was
previously a vice president for Goldman Sachs Asset Management.
New York Life Investments announced changes in its
organizational structure in order to focus on the expansion of its
third party institutional businesses initiatives.
With the multi-boutique model continuing to serve as the
firm’s preferred institutional asset management structure, New York Life
Investments is dividing oversight of the boutiques between traditional
and alternative investments. Drew Lawton has been named to the new role
of CEO of Traditional Investments and Yie-Hsin Hung joins New York
Life Investments as CEO of Alternative Investments.
In addition to his continuing leadership of Retirement
Plan Services, as head of Traditional Investments, Lawton will assume
oversight of all the traditional investment boutiques effectively
immediately. Those boutiques include: MacKay Shields, Institutional
Capital (ICAP), Madison Square Investors (MSI) and McMorgan &
Company. Hung will be focused on growing the firm’s alternative
investment capabilities, including New York Life Capital Partners
(NYLCAP). She will also oversee product development and marketing across
the enterprise.
According to the announcement, Lawton joined the company
in February 2010 from Fridson Investment Advisors (FIA) where he was
president. Prior to FIA, he spent eleven years with Fidelity as president and CEO of Fidelity Management Trust Company, where he was instrumental in the formation of Pyramis Global Advisors,
Fidelity’s institutional asset management firm. Lawton last served as
president and CEO of Pyramis Global Advisors Trust Company. Prior to his
tenure at Fidelity, he spent sixteen years with Aetna.
Lawton received a BA from Yale University and his MBA in Finance from the University of North Texas.
Hung joins New York Life Investments with over twenty
years of experience at Bridgewater Associates and Morgan Stanley, where
she was most recently global head of Strategic Acquisitions and
Alliances for Morgan Stanley Investment Management. She began her career
in investment banking with a focus on the real estate sector. Hung
received a BS from Northwestern University and her MBA from Harvard
Business School.
In addition, the company announced that John Grady, who is
currently responsible for Mergers & Acquisitions and the
Treasury Department at New York Life, has been named chief financial
officer of New York Life Investments. In addition to Finance, Grady will
have oversight of Information Technology, Risk Management and M&A.
Prior to joining New York Life in 2009, Grady worked at Old
Mutual, most recently as executive vice president, global strategy and
corporate development. He has held various financial positions at CDC
IXIS Asset Management, Fleet Financial Group and The Boston Company.
Grady holds a BS degree in Business Administration from Providence
College and an MBA from Boston University.