(Alain Karaoglan, Senior Vice President, New York Life.)
New York Life (New York) announced today that Alain Karaoglan has joined the company as Senior Vice President with oversight of a portfolio of strategic insurance businesses that includes Group Membership Association Division, Institutional Annuities, Institutional Life, New York Life Direct, and Seguros Monterrey New York Life. His area of responsibility represents a diverse set of businesses that significantly support New York Life’s earnings and industry-leading financial strength. Karaoglan will report to Craig DeSanto, the company’s Co-Chief Operating Officer.
Mr. Karaoglan joins New York Life after serving as Chief Operating Officer for Voya Financial (New York) from 2012 to 2018, where he was a member of Voya’s Executive Committee and oversaw all of Voya’s businesses, including Annuities, Employee Benefits, Individual Life, Investment Management, and Retirement. Before joining Voya, he was the head of Divestitures at AIG (New York), where he helped restructure the company after the 2008 financial crisis.
Previously, Karaoglan held senior roles in the investment banking and insurance industries, including at Banc of America, Deutsche Bank, Donaldson Lufkin & Jenrette, and Bear Stearns. He has a Master of Business Administration from the Tuck School of Business at Dartmouth College and a Bachelor of Arts in Economics and a Bachelor of Science in Business Administration, magna cum laude, from Pepperdine University.
Ideally Positioned for Portfolio of Strategic Businesses
“Alain’s leadership and track record of success ideally position him to oversee this portfolio of industry-leading strategic businesses,” comments DeSanto. “His broad strategic, operational, and P&L experience will enhance our ability to invest in and expand these businesses, which provide high-quality insurance solutions and generate attractive returns that benefit New York Life and our customers.”