Steven J. Goulart, president of MetLife Investment Management and chief investment officer of its parent corporation, MetLife Inc., will retire Aug. 31.
The move adheres to the company's age-65 retirement policy, said a news release Wednesday.
John D. McCallion, executive vice president and chief financial officer of MetLife Inc., will lead MIM, effective Sept. 1. Mr. McCallion will retain his title as CFO of MetLife Inc. and officially serve as head of MIM, confirmed Dave Franecki, a spokesman for MetLife Inc., by phone.
MetLife Inc. also said it is conducting an internal and external search for the next president of MIM who will report to Mr. McCallion and lead the institutional asset management business, the release said.
Regarding Mr. Goulart's successor as CIO of MetLife Inc., Mr. Franecki said expanded roles for Mr. McCallion and Marlene Debel will include the CIO responsibilities currently held by Mr. Goulart. Ms. Debel, who serves as executive vice president and chief risk officer for MetLife Inc., will also lead MetLife's insurance investments, which is responsible for MetLife's general account, the release said.
MIM, the institutional asset management business of MetLife Inc., has about $600 billion in total assets under management.
