MetLife Investment Management (MIM) closed the acquisition of PineBridge Investments, creating a global asset management powerhouse.
The combined business now manages $734.7 billion of assets, serving clients worldwide, in alignment with MetLife's growth strategy.
The acquisition positions MIM as a top-tier diversified global asset manager, leveraging MIM's institutional strength and PineBridge's expertise.
Strategic Acquisition
The acquisition of PineBridge Investments reinforces MetLife's growth strategy in asset management.
Global Footprint
More than half of the client assets acquired are held by international investors, with a significant presence in Asia.
Leadership Transition
Brian Funk, President of MIM, will lead the combined business following the acquisition.
- The acquisition aligns with MetLife's New Frontier strategy to accelerate growth in asset management and tap into new investment opportunities.
- MIM's new senior leadership team, a blend of talent from both organizations, is poised to drive long-term value creation for clients.
MetLife Investment Management's acquisition of PineBridge Investments marks a significant milestone in expanding its global reach and enhancing its asset management capabilities. The unified entity is well-positioned to deliver value to clients and capitalize on future investment prospects.