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What You Have to Know
- Yie-Hsin Hung will succeed Cyrus Taraporevala in December.
State Road Corp. has appointed New York Life Funding Administration CEO Yie-Hsin Hung as president and CEO of State Road World Advisors, its asset administration enterprise.
She’s going to be part of the group in December, succeeding Cyrus Taraporevala, whose deliberate retirement the agency introduced earlier this 12 months. Taraporevala will assume the function of advisor and keep by early 2023 to offer a easy transition, State Road stated.
Hung will report back to State Road Chairman and CEO Ron O’Hanley and be part of State Road’s govt committee.
She has served as New York Life Funding Administration CEO since 2015, main the multi-boutique, world funding administration enterprise to attain an almost four-fold enhance in property underneath administration. Hung beforehand served in quite a few senior govt roles at NYLIM, and earlier held management positions at Bridgewater Associates and Morgan Stanley.
“We’re delighted to welcome Yie-Hsin to State Road. She is an trade veteran, who brings to World Advisors her notable historical past of delivering development,” O’Hanley stated. “Her profession has been spectacular, efficiently delivering sturdy outcomes as she expanded NYLIM’s funding capabilities, entered new markets and strengthened the enterprise’ knowledge and expertise infrastructure. She additionally brings a real dedication to fostering a tradition of inclusion, collaboration and product innovation.”
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