MetLife Investment Management Completes Acquisition of Affirmative Investment Management
December 15 2022 - 7:00AM
Business Wire
MetLife Investment Management (MIM), the institutional asset
management business of MetLife, Inc. (NYSE: MET), announced that it
has completed the acquisition of Affirmative Investment Management
(AIM), a specialist global environmental, social and corporate
governance (ESG) impact fixed income investment manager. Announced
in August 2022, the transaction adds roughly $1.0 billion to MIM’s
total assets under management.
“Completing the acquisition of AIM is an important milestone in
advancing MIM’s commitment to sustainable investing and meeting the
evolving ESG needs of our clients,” said Steven J. Goulart,
president of MIM and executive vice president and chief investment
officer for MetLife. “We are excited to integrate AIM’s expertise
across impact investing, verification, reporting, and engagement
into MIM’s fundamental research-based public fixed income, private
capital and real estate capabilities. Going forward, our clients
will be presented with an even stronger set of investment
offerings.”
AIM has won numerous ESG-related industry awards, most recently
Best ESG Investment Fund: Fixed Income at the ESG Investing Awards
2022, Impact Asset Manager of the Year at the 2021 Australian
Impact Investment Awards, and Impact Report of the Year (for
investors) at the Environmental Finance Bond Awards in 2021.
About MetLife Investment
Management
MetLife Investment Management, the institutional asset
management business of MetLife, Inc. (NYSE: MET), is a global
public fixed income, 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 September 30, 2022, had $571.2 billion in total assets
under management.
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, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, using words
such as “going forward,” “seek” 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221215005572/en/
For Media: Dave Franecki +1-973-264-7465
dave.franecki@metlife.com
Shree Dhond (646) 722-6531 mim@dlpr.com
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