WESTWOOD, Mass., May 29, 2007 – New York Life Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), announced that it has promoted an executive relationship manager to Director and has appointed two new executive relationship managers as part of a newly organized client strategy group. 

Stuart Denholm, 39, who was an executive relationship manager at New York Life, has also achieved the additional title of Director of the core-market relationship management group, comprising retirement plans in the $30 million to $250 million range.    Mr. Denholm has 16 years of experience in the retirement plan industry, including plan administration, plan design, and client service, nine of them with New York Life.  Mr. Denholm reports to Tom Clough, senior managing director at New York Life Retirement Plan Services.

Joining New York Life Retirement Plan Services are Jim Byrne, 38, vice president and executive relationship manager and Rob Mattson, 43,  vice president and executive relationship manager. Mr. Byrne will be responsible for overseeing management of the firm’s client relationships in the Taft-Hartley (union) marketplace and Mr. Mattson has the same role in the large-plan  ($250 million and larger) corporate sector.  Mr. Byrne and Mr. Mattson will also report to Mr. Clough.

“We are pleased to welcome Rob and Jim and thrilled to promote Stuart to these very important new positions,” said Mr. Clough.  “As we continue to grow, it’s even more important that we maintain excellence in client service, our strong value proposition.  We know that these seasoned professionals along with all of our colleagues in client strategy will help us do that.”

New York Life Retirement Plan Services was recognized again in 2006 by PlanSponsor magazine, Boston Research Group’s DC Survey and 401kExchange as a top rated retirement plan provider.  The firm’s assets under administration have grown from $7 billion five years ago to more than $25 billion today. 

Mr. Denholm is a graduate of Fitchburg State College, with a B.A. in Economics. He also has a Certificate in Pension Administration and Employee Benefits from Bentley College and has a Certificate in Financial Planning from Boston University.

Prior to joining New York Life, Mr. Byrne spent five years as the vice president of Taft-Hartley Services for Diversified Investment Advisors, Inc. where he was responsible for all aspects of their Taft-Hartley business including product development, plan servicing and sales; seven years at Putnam Investments and five years at T. Rowe Price.  Mr. Byrne has 17 years of financial services experience in sales, relationship management and plan administration specializing in the Taft-Hartley market.  Mr. Byrne graduated from Wheeling Jesuit University with a Bachelor of Science degree in Business Management.

Mr. Mattson has over 21 years’ experience in the financial services and retirement plan industries including client service, plan administration and plan design, and over 12 years of experience in the financial services industry.  Prior to joining the firm, he was vice president of client services for Fidelity Investments where he worked with clients with some of the largest and most complex defined benefit and defined contribution plans in the country. He is a graduate of Plymouth State College with a B.A. in Mathematics. 

About New York Life Retirement Plan Services

New York Life Retirement Plan Services oversees more than 2,100 comprehensive defined contribution, defined benefit and deferred compensation plans as of December 31, 2006. With offices in Westwood, Massachusetts, and Parsippany, New Jersey, New York Life Retirement Plan Services administers retirement programs for small, medium and large companies, multi-employer plans, and individuals throughout the United States, and is widely recognized for its leadership in bundled defined contribution and bundled defined benefit plans.

With more than $235 billion in assets under management as of December 31, 2006, New York Life Investment Management LLC and its affiliates provide investment management and related services to a wide range of individual, corporate, public, and Taft-Hartley clients. NYLIM offers institutional asset management, retail investments, retirement plan services, guaranteed products, real estate investments, and alternative investments. For more information, visit NYLIM’s website at www.nylim.com .

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