[September 09, 2025] New York Life to unify investment businesses, creating a premier $785 billion global investment platform TweetNew York Life today announced the combination of its general account and third-party asset management businesses to create a global investment platform with approximately $785 billion in assets under management, effective Jan. 1, 2026.1 The newly unified platform will bring together the full scale and capabilities of the firm's investment expertise across public and private markets to serve its clients. This strategic alignment reflects New York Life's commitment to investing in its asset management franchise and enhancing the breadth, depth, and delivery of solutions for clients. "Our clients are looking for a trusted partner with global scale and deep investment expertise across private and public markets," said Naïm Abou-Jaoudé, who will lead the combined investment platform. Abou-Jaoudé, currently CEO of New York Life Investment Management (NYLIM), is a proven global asset management leader with more than three decades of experience and a track record of innovation and growth. ABOUT NEW YORK LIFENew York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest3 mutual life insurance company in the United States and one of the largest life insurers in the world.