New York Life Investment Management Expands Insurance Solutions Capabilities

Appointment of Rupal Shah advances NYLIM’s strategy to bring its insurance heritage and public and private market capabilities to insurers

NEW YORK--(BUSINESS WIRE)--New York Life Investment Management (NYLIM), a global asset management firm with approximately $838 billion in assets under management (AUM), today announced the appointment of Rupal Shah as head of Insurance Solutions. In this new role, Shah will lead NYLIM’s strategy to offer its insurance-specific portfolio expertise, balance-sheet perspective and broad investment capabilities to insurers globally. Shah will report to Matthew Mosca, head of NYLIM’s Institutional Client Group.

NYLIM’s Insurance Solutions strategy builds on New York Life Insurance Company’s more than 180 years of experience investing to support long-term insurance liabilities. With more than $415 billion in insurance AUM and a position as the eighth-largest insurance-owned asset manager*, NYLIM combines the perspective of a major insurance investor with differentiated origination capabilities, disciplined underwriting and specialized investment expertise across public and private markets. Its approach is focused on helping insurers enhance risk-adjusted income, manage capital efficiency, strengthen asset-liability alignment, and build resilient portfolios.

“Insurance CIOs face increasingly complex challenges as they seek to generate attractive risk-adjusted returns while managing capital requirements, liquidity, asset-liability management and evolving regulatory frameworks,” said Naïm Abou-Jaoudé, CEO of NYLIM. “Insurance Solutions is a growth priority for NYLIM and an area where we see significant opportunity to deepen our relationships with clients.”

“Rupal’s appointment is an important step in executing our Insurance Solutions strategy. Her leadership and insurance expertise will help us harness the full potential of our platform for clients and strengthen our position as a strategic partner to insurers globally,” said Mosca.

“New York Life has a distinct perspective because insurance investing is embedded in its history and culture,” said Shah. “I’m excited by the opportunity to bring together that insurance experience with NYLIM’s capabilities across public and private markets and help insurers navigate increasingly complex portfolio needs.”

Shah joins NYLIM from Silver Point Capital, where she served as managing director and global head of Insurance Solutions, leading the firm’s global insurance solutions platform. Previously, she held senior leadership roles at PGIM, including head of Global Client Advisory and Japan Insurance Solutions and head of Insurance Client Advisory, with responsibility for the firm’s third-party insurance business. Earlier in her career, she held positions at Goldman Sachs and JPMorgan Chase.

Shah holds an MBA from New York University’s Stern School of Business and a B.S. in business administration from Rutgers University. She also holds Series 7, 63 and 3 registrations.

About New York Life Investment Management

With approximately $837.6 billion** in assets under management as of June 30, 2026, New York Life Investment Management is a Pensions & Investments’ Top 30 Largest Money Manager*** and one of the largest active asset managers globally, with established capabilities across both public and private markets. Comprised of the affiliated global asset management businesses of New York Life Insurance Company, New York Life Investment Management is committed to achieving enduring financial outcomes and building long-term partnerships across market cycles and generations. Our specialized, independent investment teams bring disciplined active management and deep expertise to help clients navigate the next era of investing.

“New York Life Investment Management” is both a service mark and the common trade name of the following investment advisers affiliated with New York Life Insurance Company: Andera Partners, Apogem Capital LLC, Ausbil Investment Management Limited, Bow River Advisers, LLC, Candriam S.C.A., Kartesia Management S.à r.l., MacKay Shields LLC, New York Life Investment Management LLC, NYL Investors LLC and Tristan Capital Partners LLP.

*Self-reported assets by peer investment managers to eVestement as of June 30, 2026. Captured universe includes 750 peer managers.

**Assets under management (AUM) includes assets of the investment advisers that make up “New York Life Investment Management” as of June 30, 2026. AUM includes certain assets, such as nondiscretionary AUM, external fund selection and overlay services, including ESG screening services, advisory consulting services, white labeling services and model portfolio delivery services, that are not necessarily considered Regulatory Assets Under Management according to the SEC’s Form ADV. AUM is reported in USD. AUM not denominated in USD is converted at the spot rate as of June 30, 2026.

The total AUM figure for “New York Life Investment Management,” as a brand, is less than the sum of the AUM of each affiliated investment adviser in the group because it does not count AUM where the same assets can be counted by more than one affiliated investment adviser. In addition, AUM includes assets of certain, but not all, investment advisers affiliated with New York Life Insurance Company and excludes assets managed by Andera Partners and Bow River Advisers, LLC. AUM is based on estimates and is subject to change.

***New York Life Investment Management ranked 26th largest institutional investment manager in Pensions & Investments’ Largest Money Managers 2026, published in June 2026, based on worldwide institutional AUM as of Dec. 31, 2025. No direct or indirect compensation was paid for the creation and distribution of this ranking.