MetLife Investment Management names Brian Funk as president

WHIPPANY, N.J. - MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE:MET), has appointed Brian Funk as its president, according to a press release statement. The appointment comes as MetLife, currently valued at $52.7 billion, maintains a strong financial health score of "GOOD" according to InvestingPro analysis, with the stock currently trading below its Fair Value.

Funk, who previously served as interim president and global head of Private Capital for MIM, will oversee investment performance and client growth for the firm’s $616.9 billion in total assets under management as of March 31, 2025.

His responsibilities will include integrating PineBridge Investments, a global asset manager with approximately $100 billion in assets under management, following the anticipated acquisition closure by the end of 2025.

"Brian is the right leader to build on our established positions in credit and real estate and drive performance on behalf of our clients around the world," said John McCallion, MetLife chief financial officer and head of MIM.

During his tenure as interim president, Funk also led MIM’s global Private Capital business, which originated $21.6 billion in private credit transactions in 2024. He previously served as global head of Credit Research for MIM’s Public Fixed Income business and joined the firm through its acquisition of Logan Circle Partners in 2017.

Funk also contributed to expanding MIM’s product capabilities, including the 2022 acquisition of Affirmative Investment Management, a firm specializing in impact and sustainable investing.

The PineBridge acquisition is expected to expand MIM’s public and private credit offerings and global capabilities. MetLife has identified accelerating growth in asset management as a strategic priority under its New Frontier strategy. InvestingPro data reveals the company has maintained dividend payments for 26 consecutive years, with analysts recently revising earnings estimates upward for the upcoming period.

In other recent news, MetLife Inc. reported its first-quarter 2025 financial results, revealing strong revenue performance despite a slight earnings per share (EPS) miss. The company posted an adjusted EPS of $1.96, falling short of the projected $2.04, but exceeded revenue expectations with $18.57 billion against a forecast of $18.4 billion. In addition, MetLife announced a significant risk transfer deal with Talcott Resolution Life Insurance Company to reinsure approximately $10 billion of U.S. Retail variable annuity and rider reserves. This transaction is aligned with MetLife’s strategy to reduce enterprise risk and improve capital efficiency. Furthermore, MetLife appointed Jane Slusark as its new chief communications officer, effective June 2025, to lead the company’s global communications strategy. Analysts have noted MetLife’s continued strong position in the Pension Risk Transfer market and its strategic acquisitions, such as the integration of Mesero and the planned Pinebridge acquisition. The company maintains a positive outlook, expecting growth in Group Benefits and sales in Asia, while also planning to launch Chariot Re mid-year. MetLife’s leadership changes and financial strategies indicate a focus on strengthening its market position and operational efficiency.

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