PARSIPPANY, N.J., March 8, 2005 – NYLIM Retirement Plan Services, a division of New York Life Investment Management LLC (NYLIM), has appointed John Santaguida, a retirement industry veteran, to manage its sales channel that focuses on member-directed Taft-Hartley retirement plans. 

Mr. Santaguida, who has more than 20 years of sales, marketing and management experience in financial services, has been named director of sales in the Taft-Hartley market. 

“I have known John for most of our careers and I am so excited at the prospect that we can work together again,” said Barry Schub, executive vice president of NYLIM Retirement Plan Services.  “He is a consummate professional, a talented salesperson and marketer, and an experienced Taft-Hartley veteran.  We are all thrilled that he’s joining our team and know that he will add so much to our sales effort in the multi-employer market.”

Mr. Santaguida joins NYLIM Retirement Plan Services from Wachovia where he served for five years as national sales manager for that company’s mid-market institutional retirement plan business.  Prior to that, he was a business development officer for Wachovia (then First Fidelity Bank) focused on New Jersey-based corporate and Taft-Hartley retirement plans.  Earlier in his career, Mr. Santaguida worked at Bankers Trust, where he served in a number of marketing and sales positions, including selling into the Taft-Hartley market.  He holds a Bachelor’s degree from George Washington University, a Masters of Business Administration from New York University and a certificate in sales management from Columbia University. 

About NYLIM Retirement Plan Services

NYLIM Retirement Plan Services oversees more than 2,100 comprehensive defined contribution, defined benefit and deferred compensation plans as of January 31, 2004. With offices in Westwood, Massachusetts, and Parsippany, New Jersey, NYLIM 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 $188 billion in assets under management as of January 31, 2005, 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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