New York Life International LLC, the global arm of New York Life Insurance Co., announced Tuesday that it had promoted Gary Bennett to executive vice president and chief executive officer of its China operation.
Mr. Bennett was chief executive officer and managing director of Max New York Life, the company's joint venture in India. He is to take the China post on Nov. 1.
As previously announced, Rajesh Sud is to become chief executive officer and managing director of Max New York Life on Nov. 1, pending regulatory approval.
In his new role, Mr. Bennett is to set the overall strategy for New York Life's wholly owned affiliates in Hong Kong and Taiwan and its joint venture with China's Haier Group, Haier New York Life.
Mr. Bennett has already begun, with John Harrison, to advise the Haier New York Life board and its shareholders. He is relocating to Hong Kong and will report to Mr. Harrison.
He joined Max New York Life from New York Life Insurance Worldwide Ltd. in Hong Kong, where he was the president and chief executive officer.
New York Life International offers insurance products through its subsidiaries and affiliates in Hong Kong, China, Taiwan, South Korea, India, Argentina, Mexico, and Thailand.