New York Life Insurance Company is making one new appointment and one new hire as part of its commitment to growth in the stable value investment only space, New York Life announced Tuesday.

Frederick Spreen, newly appointed sales director in the Midwest region, and Brian Sullivan, who was hired for the newly created role of director of key accounts and relationship management, have joined the stable value investment team.

Spreen was promoted from within New York Life. He previously was director of third-party distribution with a focus on the defined contribution investment only sector. Sullivan previously was vice president, national accounts, for Braver Capital, where he focused on launching investment management strategies with RIAs and broker-dealers.