Alain Karaoglan is executive vice president and head of New York Life’s Strategic Businesses, which account for approximately half of New York Life’s earnings and include: New York Life Group Benefit Solutions, Group Membership Association Division, Institutional Annuities, Institutional Life, New York Life Direct, New York Life Investment Management, and Seguros Monterrey New York Life. Mr. Karaoglan joined New York Life in 2019 and was appointed to the company’s Executive Management Committee in March 2020.
Prior to joining New York Life, he served as chief operating officer for Voya Financial 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 American International Group, where he helped restructure the company after the 2008 financial crisis.
Previously, Mr. Karaoglan held senior roles in the investment banking and insurance industries, including at Banc of America, Deutsche Bank, Donaldson Lufkin & Jenrette, First Boston Corporation, and Bear Stearns.
Mr. Karaoglan has served on the board of directors of Scholarship America since 2017 and is the executive sponsor of New York Life’s Veterans Employee Resource Group.
Mr. Karaoglan has an MBA from the Tuck School of Business at Dartmouth College, and a Bachelor of Arts in economics and Bachelor of Science in business administration, magna cum laude, from Pepperdine University.
New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the U.S. and one of the largest life insurers in the world. With headquarters in New York City, New York Life’s family of companies offers life insurance and other solutions. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.