New York Life introduced at the moment the appointment of Eric Feldstein as Govt Vice President and Chief Monetary Officer (CFO), reporting to Ted Mathas, President and Chief Govt Officer.
On this capability, Mr. Feldstein can be answerable for the administration of the corporate's funds, together with the funds of the working items, monetary companies, monetary planning and evaluation of the treasury and the enterprise, controllers and the Workplace of the Chief Actuary. He may also be a member of the administration committee.
Mr. Feldstein joins New York Life after serving as CFO from 2016 to 2019 with the Well being Care Service Company, the most important mutual well being insurer in america, as head of the accounting, monetary planning, treasury, taxation, product pricing and buying.
From 2010 to 2016, he held the place of Govt Vice President at American Categorical, the place he was answerable for managing a big portfolio of world firms with income and revenue sources. diversified.
Mr. Feldstein started his profession in finance at Normal Motors the place he held numerous roles with rising obligations. He served as Treasurer from 1997 to 2002, then GMAC Monetary Providers Normal Supervisor from 2002 to 2008, main his international enterprise together with World Auto Finance, World Insurance coverage, Actual Property Finance / Mortgage and Business Finance. He holds a Bachelor of Arts diploma from Columbia College and a Grasp of Enterprise Administration diploma from Harvard College.
Feldstein replaces Joel Steinberg, who was performing CFO after the retirement of former CFO John Fleurant earlier this 12 months. Steinberg will resume his full-time position as a danger officer and can proceed to report back to Mathas.
"Eric's confirmed monetary acumen and spectacular monitor file of managing complicated monetary actions and divisions in a number of industries make him a perfect selection for our firm," stated Mathas. "He is a good asset to our administration workforce and I’m assured he’ll assist us construct on our legacy of economic success whereas persevering with to ship on our long-term dedication to our policyowners and clients."
About life in New York
The New York Life Insurance coverage Firm (www.newyorklife.com), a Fortune 100 firm based in 1845, is the most important mutual life insurance coverage firm in america * and one of many largest life insurers on the planet. Headquartered in New York, the New York Life household of firms gives life insurance coverage merchandise, retirement earnings, investments and long-term care insurance coverage. New York Life has the best monetary energy rankings at the moment attributed to a US life insurer among the many prime 4 credit standing companies **.
* Primarily based on income reported by "Fortune 500, rated inside Industries, Life Insurance coverage, Well being (Mutual)," Fortune Journal, 1/6/19. For the methodology, please go to http://fortune.com/fortune500/.
** Commentary of the person score company as of 12/09/19: AM. Finest (A ++), Fitch (AAA), Moody's Buyers Service (Aaa), Normal & Poor's (AA +).