PARSIPPANY, N.J.-- NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), today announced it has appointed Gary Jackson, a 20-year veteran in the retirement field, as its Managing Director of Sales.

As a member of the NYLIM Retirement Senior Management Team, Mr. Jackson reports directly to Don Salama, Managing Director of Sales and Marketing.  NYLIM Retirement Plan Services’ sales force now reports to Mr. Jackson.

“Gary brings a wealth of retirement plan sales experience to his new role,” said Barry Schub, Senior Managing Director of NYLIM Retirement Plan Services. “As we look to grow our business in the key areas of defined contribution, bundled defined benefit and Taft-Hartley plans, Gary is the right person to lead that sales effort.”

Mr. Jackson joins NYLIM from UBS Global Asset Management (UBS) where he was a member of the Institutional Sales team.  Prior to his tenure at UBS, Mr. Jackson managed Citigroup’s foray into the Japanese defined contribution market, and held positions at Salomon Smith Barney, where he progressed from managing their National Retirement Sales group to serving as Co-Director of Corporate Retirement Services.  Mr. Jackson began his career in 1976, and ran his own benefits design and administration firm.

Mr. Jackson holds a bachelor’s degree from the University of Oregon as well as master’s degrees in management and financial services from The American College.  He is a Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), and a member of the Society of Financial Service Professionals.

NYLIM Retirement Plan Services oversees more than $7.4 billion in comprehensive defined contribution, defined benefit and deferred compensation plans as of September 30, 2002.  With offices in Norwood, Massachusetts, and Parsippany, New Jersey, NYLIM Retirement Plan Services administers retirement programs for small, medium and large companies, unions, 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 $148 billion in assets under management as of September 30, 2002, New York Life Investment Management 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.

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