MetLife Investment Management Announces Driscoll Retirement; Funk Named Interim President
WHIPPANY, N.J.--(BUSINESS WIRE)-- MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), today announced that after a distinguished career spanning decades in the asset management industry, including eight years at MIM, Jude Driscoll will be retiring from the company, effective May 2. Brian Funk has been appointed as MIM's interim president.
Throughout his tenure, Driscoll played a critical role in advancing MIM's strategic priorities, building relationships and driving strong results for clients. 'On behalf of the entire MIM team, I want to thank Jude for his leadership and contributions and wish him all the best in retirement,' said John McCallion, chief financial officer and head of MIM.
Funk brings deep industry expertise and proven leadership to the interim president role, where he will work with McCallion and MIM's leadership team to advance MIM's New Frontier strategy, a five-year strategy that includes accelerating MIM's growth.
Funk joined MIM in 2017 following its acquisition of Logan Circle Partners, where he was Head of Credit Research. He held a similar role at MIM, covering corporate, municipal and sovereign credit, as well as sustainable fixed income strategies and special situations. In April 2024, he was named global head of Private Capital. He will continue to lead MIM's Private Capital business while serving as interim president.
'Brian is an outstanding leader, performance driven and client focused. His insights were instrumental in developing the New Frontier strategy for MIM, which positions him well to drive its execution, including the integration of PineBridge Investments,' McCallion said.
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 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 www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, using words such as 'continue,' 'will' and 'seek,' 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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