– USA, NY – New York Life Insurance Company, America’s largest and most admired mutual life insurer, today announced the appointment of Barbara Novick to its Board of Directors, effective October 4, 2021.
Ms. Novick is a co-Founder of BlackRock, the largest asset manager in the world.
“Barbara’s impressive and extensive understanding of the financial markets, public policy, and investment strategies and practices meaningfully deepens the expertise on our Board. New York Life will greatly benefit from her insights and experience as we continue to build on our legacy of delivering long-term benefits to our policy owners and clients.” said Chairman and CEO, Ted Mathas.
She will join the Insurance & Operations and Investment Committees.
About Barbara G. Novick
From the inception of BlackRock in 1988 to 2008, Ms. Novick headed the Global Client Group and oversaw global business development, marketing, and client service across equity, fixed income, liquidity, alternative investment, and real estate products for institutional and individual investors and their intermediaries worldwide. In 2009, Ms. Novick established BlackRock’s Global Public Policy Group to provide a voice for investors. From 2018 to 2020, she additionally oversaw BlackRock’s Investment Stewardship team. She transitioned from Vice-Chairman to Senior Advisor in February 2021.
Ms. Novick serves on the board of the American Financial Exchange and the advisory board of Growth Curve Capital. In addition, Ms. Novick serves on the boards of several non-profits related to the financial services industry.
Ms. Novick has received numerous awards recognizing her contributions to asset management and the professional development of women in finance, and her active involvement in her community, including UJA Federation’s Gustave Levy Award, Chief Investment Officer’s Pioneer Award, 100 Women in Hedge Fund’s Effecting Change Award, and Women in Finance’s Trailblazer Award.
Ms. Novick earned a BA degree, cum laude, in economics from Cornell University.
About New York Life Insurance Company
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.
For more information: https://www.newyorklife.com/
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