NEW YORK (January 29, 2008) – New York Life Investment Management (NYLIM) today announced that John Santaguida will become chief executive officer of McMorgan & Company LLC effective March 1st. He will succeed Jim Moss, McMorgan’s CEO since 2004, who will retire after 20 years of service with the company.
“With McMorgan now fully-operational within NYLIM’s multi-boutique business model, Jim felt the time was right to begin the succession process at McMorgan. He will remain with the company through most of 2008, helping to ensure a seamless transition of leadership,” said Brian Murdock, president and chief executive officer of New York Life Investment Management. “We are grateful to Jim for his distinguished and dedicated service to both McMorgan employees and clients. He has been a valued leader in the Taft-Hartley market.”
Prior to joining McMorgan, Moss worked in the third party administration field as a chief operating officer for Associated Administrators, Inc. and Western Administration Company. He graduated from Portland State University.
As McMorgan’s new CEO, John Santaguida will oversee all internal operations, including McMorgan’s fixed income and real estate investment departments. He joined the boutique in 2006 as managing director and head of McMorgan's client service, sales and marketing teams. Prior to joining McMorgan, Santaguida served in a similar capacity for New York Life Retirement Plan Services, leading efforts in their Taft-Hartley distribution channel since 2004.
“John has been instrumental in the expansion of McMorgan’s sales focus beyond proprietary offerings by making multiple NYLIM products available to the Taft-Hartley market for the first time. In turn, he has been sowing the seeds that will allow McMorgan fixed income and real estate investment capabilities the opportunity to grow by tapping the various non-Taft-Hartley distribution channels across NYLIM,” said Barry Schub, executive vice president and head of NYLIM’s scale businesses.
Prior to joining New York Life Retirement Plan Services, Santaguida spent 10 years at Wachovia where he was national sales manager for Wachovia's Retirement Services Division. John also worked in various capacities at the Bankers Trust Company for 10 years. John earned a B.B.A. degree from the George Washington University and an M.B.A. from New York University.
“John understands that for the multi-boutique business model to thrive, a strong and enduring partnership must exist between the NYLIM enterprise and the boutique firm in order to best serve the needs of our clients. As an accomplished leader within our organization, John was the clear choice to lead McMorgan during its next phase of development as it looks to expand within, and beyond, the Taft-Hartley market,” concluded Murdock.
About McMorgan & Company
Founded in 1969, McMorgan & Company is one of the nation’s largest investment management firms specializing in Taft-Hartley pension and benefit plans. The firm is committed to providing its clients disciplined investment management and unmatched service through a team of experienced and dedicated professionals. For more information, visit www.mcmorgan.com.
About New York Life Investment Management
New York Life Investment Management Holdings LLC, ranks among the largest asset management firms in the United States. Through its multiple boutique investment structure, NYLIM delivers investment performance through an array of products designed for both institutional and retail clients. Through MainStay Investments, NYLIM distributes some of the most highly regarded mutual funds and wrap accounts in the industry.
NYLIM is a leading provider of retirement plans for corporations, multi-employer trusts, and individuals, and is recognized as one of the nation’s top providers of guaranteed products to both the qualified and non-qualified markets. Together with its affiliates and over 1,500 employees, NYLIM manages over $249 billion in assets as of December 31, 2007.
Contact:
John Puccio
New York Life Investment Management
212-576-8172
john_puccio@nylim.com
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