New York Life Insurance Company has reorganized into two business units: the Insurance Group and the Investments Group, the firm announced.

Executive Vice President Chris Blunt will run the Insurance Group and Executive Vice President John Y. Kim will head the Investments Group. Blunt has been head of the company’s Retirement Income Security business since it began back in 2008. Kim, who is the company’s chief investment officer and head of New York Life Investments, will now take over responsibility for RIS products.

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