New York Life appoints Glenn Macdonald Head of Stable Value Investment Only.

New York Life  |  March 27, 2024

NEW YORK - New York Life today announced its appointment of Glenn Macdonald to head its Stable Value Investment Only (SVIO) business.  In this role, Mr. Macdonald, a 30-year industry veteran, will lead the business groups focused on providing unique solutions to Defined Contribution, Defined Benefit, Non-Qualified and 529 Plans through Consultants, Financial Advisors, Recordkeeping Platforms and Program Managers. Macdonald will report to David Cruz, Head of Institutional Annuities at New York Life.

"New York Life has been an industry leader in stable value for over 40 years providing expertise and valuable guidance along with NYL’s unparalleled financial strength to our investors throughout all market cycles,” said David Cruz, Head of Institutional Annuities at New York Life. “Glenn's successful track record over the past three decades in building superb relationships, providing extensive knowledge about the financial markets and delivering timely investment insights to investors make him the ideal leader to step into this vital role as Head of SVIO.” 

“New York Life has been a leader in the Stable Value business for decades and I am excited for the opportunity to lead the SVIO Team and continue to help educate investors on this important capital preservation investment as they save for their retirement, children’s education and beyond.” Glenn Macdonald, Head of Stable Value Investment Only, added.

Mr. Macdonald joined New York Life in 2010 and has 30 years of experience in the Qualified Retirement Plan and Investment Management industries.  Prior to joining New York Life, Macdonald spent 16 years with Fidelity Investments and most recently served as Vice President and Northeast Regional Sales Relationship Manager for Pyramis Global Advisors. Glenn received a B.A. in Business Administration from St. Anselm College and a certificate in Financial Planning from Boston University.  Macdonald is a Certified Financial Planner®, holds the Financial Industry Regulatory Authority (formerly NASD) Series 7 and 63 licenses and is a nationally licensed insurance producer. 

Macdonald succeeds Kevin Mansfield who has retired from the company.

For additional information about Stable Value Investment Only, please click here.

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest mutual life insurance company¹ 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 agencies².

1 Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/5/2023. For methodology, please see https://fortune.com/fortune500/.

2 Individual independent rating agency commentary as of 10/19/2023: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).