MetLife IM seeks HK licence, eyes Asia buildout
The asset management arm of US insurer MetLife is planning sales hires in a drive to multiply the AUM it sources from Asian clients, says chief investment officer Steve Goulart.
US-based MetLife Investment Management (MIM) has applied for a licence and plans to hire sales staff in Hong Kong, and is mulling similar moves in South Korea, with the aim of quintupling its client assets in Asia by 2020, AsianInvestor can reveal.
MIM, the asset management arm of New York-based insurer MetLife, started marketing to institutions in Asia in 2014 and has since won $2 billion worth of mandates in the region, said chief investment officer Steve Goulart. Most of this m…
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