Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:This MainStay Unit Is Adding Folks Everywhere Not Rated 1.0 Email Routing List Email & Route  Print Print
Friday, November 20, 2015

This MainStay Unit Is Adding Folks Everywhere

Reported by Neil Anderson, Managing Editor

A top MainStay [profile] executive has big growth plans for the New York Life subsidiary's channels that lie somewhere between the traditional retail and institutional worlds.

Brendan Gundersen
MainStay Investments
Managing Director, Head of Institutional Intermediary Business
"We're adding folks everywhere," Brendan Gundersen, managing director and head of the institutional intermediary business at MainStay, tells MFWire. "We're going to try to have that be 50 percent of our sales within three years."

Gundersen joined MainStay in December 2014 to lead the newly-created IIB unit, which covers the DC I-O, large RIA, and private bank channels, as well as research platforms. IIB now has 30 people, including a 12-person DC I-O team, six people in the research and platform group, and a four-territory team targeting private banks and large RIAs.

MainStay already has a "really strong client base in traditional wires," Gundersen says, and its parent uses the NYLIM (New York Life Investment Management) brand for traditional institutional distribution.

"The whole focus for us is diversifying our distribution footprint," Gundersen says. "Let's tell that story to more folks on the institutional side." 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

1.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use