Charles Reinhard, formerly with Morgan Stanley, has been appointed managing director, leading portfolio strategy, at MainStay Investments, a New York Life Company, Mainstay announced Tuesday.

The newly created position expands MainStay’s approaches to multi-solution investment portfolio construction and advisor and investor education efforts offered across the MainStay Funds, IndexIQ ETFs and initiatives at MainStay partner firms, MainStay says.

Reinhard joins MainStay Investments with over 28 years of investment industry experience in various senior positions, including managing director and deputy chief investment officer in the Global Wealth Management Division at Morgan Stanley, where his responsibilities included global investment strategy and strategic and tactical asset allocation.