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MONY NOMINATES FOTI TO BOARD OF TRUSTEES

 MONY NOMINATES FOTI TO BOARD OF TRUSTEES
 NEW YORK, Oct. 21 /PRNewswire/ -- Samuel J. Foti, CLU, has been


nominated to the Mutual of New York (MONY) board of trustees, effective Jan. 1, 1993. Foti, 40, is executive vice president and head of MONY's individual financial services sector. The announcement was made by James B. Farley, chairman of the board of trustees.
 "Sam Foti -- as head of MONY's life insurance, disability income, and annuity line of business -- will be a valued member of the board, bringing his unique insights and experience from a market perspective," Farley said.
 Foti joined MONY in July 1988 as national director of agency operations in the company's individual financial services business sector. In 1989, he was named senior vice president and chief marketing officer before being named EVP in January 1991. Prior to joining MONY, Foti had a 14-year career at Metropolitan Life Insurance Company, where he began as a sales representative in 1974. He moved swiftly through the field ranks, assuming a variety of home office responsibilities.
 Foti, a 1973 finance and investment graduate of the Wharton School of Business at the University of Pennsylvania, studied law at the University of Oxford in England in 1974, and received a master's in public government and finance from Wharton in 1978. He and his wife, M.J., reside in Greenwich, Conn., with their child.
 The Mutual Life Insurance Company of New York -- a 149-year-old mutual life insurance company which sold the nation's first mutual life insurance policy -- provides life insurance, disability income, and annuities to individual clients and businesses, as well as full-service pension plans and investment management services to corporations and non-profit organizations. The company has consolidated assets of $19.1 billion and is based in New York.
 -0- 10/21/92
 /CONTACT: Charles Wasilewski of Mutual of New York, 212-708-2472/ CO: Mutual of New York ST: New York IN: INS SU: PER


CK-KW -- NY055 -- 2842 10/21/92 11:30 EDT
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Publication:PR Newswire
Date:Oct 21, 1992
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