Tuesday, September 19, 2017

MetLife names new US president

Michael Khalaf has been appointed as president of the US operations of MetLife, following his role in helping expand the insurer’s business in Europe.

He replaces Maria Morris, who led the US business on an interim basis and is set to retire within months following her 33 years with the company, according to a MetLife statement.

Marty Lippert, head of global technology and operations, was also given responsibility for MetLife Holdings, which includes the books of business that the insurer is winding down.

Chief executive officer Steve Kandarian is said to have no plans to retire from his leadership role at MetLife, but according to Sean Dargan, analyst at Wells Fargo, there will be competition for the top spot within the company.

Dargan said other contenders for the top position include chief financial officer John Hele, chief investment officer Steven Goulart, and Christopher Townsend, who leads the Asia business.

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