New York Life Insurance Co. will merge its general account and third-party asset management businesses into a single global platform overseeing $785bn in assets under management.
The move, effective Jan. 1, 2026, is designed to unify investment capabilities across public and private markets while expanding the firm’s global reach.
The carrier said the integration will concentrate its “full scale and capabilities” into one platform, combining resources for origination, product development, distribution, brand, technology, and infrastructure. Naïm Abou-Jaoudé, who currently leads New York Life Investment Management, will head the combined entity.
Our clients are looking for a trusted partner with global scale and deep investment expertise across private and public markets,” Naïm Abou-Jaoudé, who will lead the combined platform, said in a statement.
Bringing our two investment organizations together allows us to harness our collective strengths, foster collaboration, and drive innovation in a way that positions us to accelerate our growth and better serve our clients.
Naïm Abou-Jaoudé
While the platform will benefit from scale and collaboration, portfolio management teams will continue operating with investment autonomy, maintaining distinct strategies under rigorous oversight.
The carrier said this approach ensures focus on client outcomes while supporting innovation and product breadth.
The new structure underscores New York Life’s commitment to growing its asset management franchise and delivering integrated, multi-asset solutions.
The company said the combined business will rank among the top 20 global public fixed-income managers, with $363bn in assets, and among the top 15 private markets managers, with $228bn.
By bringing together its two investment arms, New York Life positions itself to meet rising demand for diversified, cross-border investment solutions and to compete more aggressively in the global asset management industry.
