New York Life Investment Management announced last week the formation of a new unit that will focus on marketing NYLIM's institutional investments to a variety of markets, including unbundled defined contribution plans, defined benefit plans, and foundations and endowments.
The new unit, which has not yet been given a name, will be headed by Marc Brookman. He is expected to build the team to market the firm's separate accounts, commingled funds, alternative investments and real estate investment products. Brookman, who joined NYLIM in 1998, was head of NYLIM Retirement Services. Before going to NYLIM, he served as National Sales Director at United Asset Management Retirement Plan Services.