MetLife Inc., one of the world’s leading financial services companies has made several leadership changes.
The firm has announced that Steven J. Goulart, Chief Investment Officer and President of MetLife Investment Management, will retire on August 31, 2023, in line with the firm’s age-65 retirement policy.
At the same time, MetLife Chief Financial Officer, John McCallion will lead MetLife Investment Management (MIM), the institutional asset management business of MetLife.
The company also confirmed that MetLife’s Chief Risk Officer Marlene Debel will lead MetLife Insurance Investments, responsible for MetLife’s general account, while Ramy Tadros, Regional President of MetLife’s US Business, will lead MetLife Holdings (MLH).
Each of these appointments will be effective September 1, 2023.
Additionally, MetLife is currently conducting an internal and external search for a MIM President who will report to McCallion and lead the institutional asset management business.
“A key differentiator for MetLife is the breadth and depth of our talent and how we deploy it to the areas of greatest impact,” said MetLife President and Chief Executive Officer Michel Khalaf.
McCallion has served as MetLife CFO since 2018. He previously served as Treasurer in regional and business CFO roles and as Head of Investor Relations.
In 2019, Debel was appointed to the role of Chief Risk Officer after having previously led MetLife’s Retirement & Income Solutions business, serving as US CFO and joining the company in 2011 as Treasurer.
“I am honored to lead MIM, a premier global institutional investor, and look forward to working with our talented teams to serve institutional clients and drive MIM’s continued growth,” McCallion said.
“I look forward to ensuring that our general account investment and risk management strategies deliver for our stakeholders as they have for 155 years,” Debel said. “The changes announced today will only enhance our capabilities and processes.”
Elsewhere, Goulart joined MetLife in 2006 and was named Chief Investment Officer in 2011. In 2012, he led the launch of MIM’s institutional asset management business.
“I want to congratulate Steve on his retirement and thank him for his myriad contributions, which have helped MetLife keep its promises to clients and build a leading institutional asset manager. Steve has been instrumental in the design of our enterprise strategy and in the progress we have made in delivering on our commitments,” added Khalaf.
MetLife also confirmed that 22-year veteran, Chuck Scully will continue to lead investment strategy for the MetLife general account, serving as Chief Investment Officer, MetLife Insurance Investments, where he will report to Debel.
Tadros, also commented: “I look forward to working with our talented MLH team to deliver on our commitments to our customers while optimizing the business in line with our current strategy.”
“I’m pleased and excited that John, Marlene, and Ramy ─ three world-class leaders within our organization ─ will broaden their contributions by taking on these expanded responsibilities,” said Khalaf.
