MainStay Management, the mutual fund business of New York Life Insurance Co., has hired a senior vice president to oversee the growth of assets under management and to increase its market share.

Marc Brookman, 34, was national sales director at United Asset Management. He will report to Stephen C. Roussin, president and chief executive of MainStay Management. The Parsippany, N.J.-based company announced the hire Dec. 14.

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