MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE:MET), today announced that it has named Brian Funk its president. Funk previously served as interim president and global head of Private Capital for MIM.
Funk will be responsible for delivering investment performance and client growth to expand MIM's $616.9 billion in total assets under management (AUM).1 This includes integrating PineBridge Investments, a global asset manager with approximately $100 billion in AUM,2 into the firm, upon closing of the acquisition anticipated to occur by the end of 2025. This acquisition will significantly expand MIM's public and private credit offerings and global capabilities.
"Accelerating growth in asset management is a strategic priority for MetLife and a core deliverable of our New Frontier strategy," said John McCallion, MetLife chief financial officer and head of MIM. "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. His industry expertise, deep client relationships and proven leadership make him well-positioned to guide our institutional asset management business through this next chapter of growth."
While serving as interim president, Funk also led MIM's global Private Capital business. The Private Capital team will continue to report to Funk until a successor is named. Under his leadership, the Private Capital team originated $21.6 billion in private credit transactions in 2024.
Funk previously served as global head of Credit Research for MIM's Public Fixed Income business. He joined MIM as part of the firm's acquisition of Logan Circle Partners in 2017. As a leader in MIM, he has helped expand product capabilities, including playing a key role in the 2022 acquisition of Affirmative Investment Management, an impact and sustainable investing specialist firm.
"I am honored to step into the role of MIM president and lead our team of 1,100 professionals at such an important moment in the firm's growth trajectory," Funk said. "I'm confident we have the scale, expertise and positioning in the market to continue to grow our leading global platform and expand our solution set to make us the partner of choice for institutional investors worldwide."
About MetLife Investment Management
MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE:MET), is a global public fixed income, small and small-mid cap equities, private capital and real estate investment manager providing tailored investment solutions to institutional investors worldwide. MetLife Investment Management provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment and financing solutions that seek to meet a range of long-term investment objectives and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of March 31, 2025, had $616.9 billion in total assets under management. For more information, see the total assets under management fact sheet for the quarter ended March 31, 2025 available on MetLife's Investor Relations webpage (https://investor.metlife.com).
About MetLife
MetLife, Inc. (NYSE:MET), through its subsidiaries and affiliates ("MetLife"), is one of the world's leading financial services companies, providing insurance, annuities, employee benefits and asset management to help individual and institutional customers build a more confident future. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Asia, Latin America, Europe and the Middle East. For more information, visit https://www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, using words such as "anticipate," "continue," "seek," "well-positioned" and "will" are based on assumptions and expectations that involve risks and uncertainties, including the "Risk Factors" MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife's future results could differ, and it does not undertake any obligation to publicly correct or update any of these statements.
Endnotes
1 As of March 31, 2025. At estimated fair value.
2 As of Sept. 30, 2024. At estimated fair value.
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