New York Life Appoints Westport Resident Matthew Grove to Key Role

New York Life has named Matthew Grove chief administrative officer in New York Life’s Insurance and Agency Group, where he is responsible for oversight of strategy development for the Group, new business operations, and quality assurance, compliance and finance functions for the Service operation.  He reports to Co-President of Insurance and Agency Group Chris Blunt. 

Mr. Grove joined New York Life in 2009 to lead the company’s effort to establish guaranteed lifetime income as an asset class, and he was also responsible for the distribution of mutual funds and annuity products through Registered Investment Advisors (RIAs).  Three years ago, Mr. Grove was instrumental in the development and marketing of the company’s new Guaranteed Future Income Annuity (GFIA), a deferred income annuity that passed $1 billion in premium in its first 18 months on the market. Grove holds an MBA from Columbia University and a Bachelor of Science degree in computer science from the University of Pennsylvania, where he graduated summa cum laude. Grove resides in Westport, CT.