ICI Names New York Life Exec as Chair

She joined the company in 2010, and during this time, NYLIM's assets under management have grown nearly fourfold through a combination of geographic expansion, organic initiatives and acquisitions, according to ICI.

Earlier in her career, Hung held senior leadership roles at Bridgewater Associates and Morgan Stanley in both its investment management and investment banking divisions.

"The regulated fund industry plays a critical role helping hundreds of millions of investors meet their financial goals," Hung said in a statement. "Our industry has evolved tremendously in recent years, and this is a pivotal time for us to come together to reinforce the value we provide as new investors begin engaging with financial markets. I look forward to helping lead the industry on many critical issues, including environmental, social and governance investing, diversity and inclusion and fintech."

ICI President and CEO Eric Pan added: "Yie-Hsin Hung's considerable knowledge, experience, and achievements make her the ideal person to be the new chair of ICI and, therefore, the voice of the investment fund industry. I look forward to working closely with her as chair of our board as ICI promotes vigorously the interests of funds and the Main Street investors who rely on such funds."