MetLife Investment Management (MIM), the institutional asset management arm of MetLife, has completed its acquisition of PineBridge Investments, creating a combined global platform managing $734.7 billion in assets. The transaction supports MetLife’s New Frontier strategy, where accelerating asset management growth is a core priority, and positions MIM as a diversified, top-tier global asset manager by combining institutional scale with PineBridge’s international reach and specialized investment capabilities. The integration is designed to enhance MIM’s ability to navigate evolving market conditions while capturing new investment opportunities for clients worldwide.
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“Together, we are building a firm designed to meet today’s market challenges and capture tomorrow’s investment opportunities,” said John McCallion, Chief Financial Officer of MetLife and Head of MIM. “We’re confident the combination of these two firms furthers our ambition to accelerate growth in line with our New Frontier strategy.” Alongside the close, MIM announced a new senior leadership team blending talent from both organizations, with Brian Funk, President of MIM, leading the combined business. “Our leadership team reflects the best of both firms,” said Funk.
