Yie-Hsin Hung, one of the few female CEOs in the asset management industry, has made it a priority to address issues of global warming and social inequality at New York Life Investment Management. She was a leading force in creating and launching NYLIM's family of exchange-traded funds called Dual Impact. Going beyond basic ESG themes, the funds invest in companies advancing health and wellness, gender equality and environmental imperatives, each in partnership with a major nonprofit such as the American Heart Association.
The Dual Impact funds have come to represent an important component of NYLIM's growth strategy. Under her watch, the firm overall set records in revenues, earnings and assets under management in 2021. They've grown through a combination of geographic expansion, internal initiatives and acquisitions.
A NYLIM employee since 2010, Hung has a sweeping mandate, overseeing a global business with more than 1,700 employees that spans seven specialist investment management boutiques across the U.S., Europe, Asia and Australia and a diversified U.S. mutual fund and ETF operation.
Hung is the highest-ranking female operating executive in the company and serves on New York Life's 12-person executive management committee. Last year she was named chair of the Board of Governors of the Investment Company Institute (ICI), the largest association representing the U.S. regulated funds industry. She is the first woman and the first Asian American to hold this position in the organization's 81-year history.
In late September,
The parent of a child with autism, Hung spends a lot of time and effort working to improve the lives of people with autism spectrum disorder. She is on the board of Next for Autism and supports similar organizations such as the ELIJA School for children with ASD and ELIJA Farm CSA, a community-supported agriculture program.
