Jingsu Pu joined MetLife Investment Management in Hong Kong as the firm's global head of insurance strategy and solutions as well as head of institutional client group, Asia ex-Japan.
Both positions are new at the institutional money management arm of MetLife, a New York-based provider of insurance, annuities, employee benefits and asset management services, a spokesman for the firm said in an email.
Mr. Pu rejoined MetLife after roughly a year and a half, having left as managing director, head of portfolio management, Asia, to take up the position of chief investment officer at Beijing-based Dajia Insurance Group.
A spokesman at Dajia couldn't be reached for comment.
Mr. Pu reports to Ruth Farrugia, the firm's global head of insurance asset management, and Matt Mosca, global head of its institutional client group.
Mr. Pu's insurance industry expertise and familiarity with Asia's institutional market leave him well positioned to drive the firm's growth strategy in the key Asia market, Steven J. Goulart, president of MetLife Investment Management and chief investment officer at MetLife, in a news release.
The spokesman said roughly $147.8 billion of MetLife Investment Management’s $659.6 billion in assets under management as of Dec. 31 was invested in Asia. That $147.8 billion total includes $3.5 billion raised from clients based in the Asia-Pacific region.
MetLife has invested in Asia for decades but only "formalized" its MetLife Investment Management business in the region three years ago, the spokesman said in an email, with MIM now having offices in Hong Kong, Tokyo and Seoul.
MIM will focus on managing allocations for institutional clients to public fixed income and private markets, including corporate provide placements, infrastructure and real estate.
