CEO
Yie-Hsin Hung has a unique perspective on the many social challenges the industry faces. And as a woman overseeing an asset management business and the highest-ranking Asian American and female executive at its parent company, New York Life Insurance Co., she sees an opportunity to effect positive change.
Hung recently formed an internal “Standing Together Action Committee” to advance her goals of creating a diverse and inclusive workplace, and rolled out training programs for managers on how to foster that kind of environment with inclusive leadership. She redoubled her efforts to get more insight into the hurdles facing women seeking financial freedom, acknowledging that while women control more than half of the country’s wealth, they invest 40% less than men.
In her role as chief executive of New York Life Investment Management, Hung oversees all aspects of the global business as well as a U.S.-based mutual fund family.
Her business posted record results in 2020. Since she joined the firm in 2010, it has nearly quadrupled its assets under management through a combination of geographic expansion, organic initiatives and acquisitions, including increasing its international presence from 10% of total assets to roughly 50% today.
In 2021, Hung further strengthened the business as a leader in the expanding environmental, social and governance sector by launching its first “dual-impact” exchange-traded fund.
Read more:
The Most Powerful Women in Finance 2020: Yie-Hsin Hung The Most Powerful Women in Finance 2019: Yie-Hsin Hung
Dual-impact ETFs invest in companies advancing health and wellness, gender equality and environmental imperatives, each in partnership with a major nonprofit.
The first such fund, named HART, contains a portfolio of companies that align with the American Heart Association’s value proposition in achieving health and longevity gains.
