Paula L. Rogers Named President of Institutional Capital LLC

Twelve Year ICAP Veteran Promoted to Newly Created Position

CHICAGO, May 11 /PRNewswire/ -- Large-cap value investment manager,
Institutional Capital LLC (ICAP), today announced Paula L. Rogers has been
promoted to the position of president, effective May 6th.

In this newly created position, Rogers will assume oversight responsibility
for all business development, client service and operational areas of ICAP. In
addition, she will remain a member of the firm's investment management
committee, reporting directly to Jerrold K. Senser, ICAP's chief executive
officer and chief investment officer.

"Paula's promotion is in recognition of her 12 years of outstanding service to
ICAP. She has played a critical role in our company's growth over the past
decade and we look forward to her continued contributions in this new
leadership position," said Senser.

With over 28 years of experience, Rogers was with Goldman Sachs, Northern
Trust and Eastman Kodak prior to joining ICAP. She holds an MBA from the
University of Chicago and a BBA from the University of Michigan.

With Rogers' elevation to president, Scott E. Weisenberger has been promoted
to director of Business Development and Client Service. The senior vice
president with ICAP has over 25 years of industry experience, and holds an MBA
from the University of Wisconsin Madison and a BA from the University of
Wisconsin LaCrosse. He will report directly to Rogers in his new role.

"These promotions within our organization are emblematic of ICAP's culture of
continuity in terms of its people and its process. I congratulate both Paula
and Scott on their new responsibilities," concluded Senser.

About Institutional Capital LLC

ICAP is a large-cap value investment manager based in Chicago with nearly 40
years of extensive experience managing multiple institutional client types.
ICAP's clients are some of the world's largest and most respected corporations
and institutions. It offers both U.S. and non-U.S. investment products. ICAP
is an SEC registered investment advisor and a wholly-owned subsidiary of New
York Life Investments.

"New York Life Investments" is a service mark used byNew York Life Investment
Management Holdings LLC and its subsidiary, New York Life Investment
Management LLC.

SOURCE Institutional Capital LLC

John Puccio, New York Life Investments, +1-212-576-8172,
john_puccio@nylim.com