US asset manager MetLife Investment Management is buying PineBridge Investments from Hong Kong billionaire Richard Li’s ...

The big managers continue to get bigger through M&A, with MetLife’s institutional asset management business buying PineBridge ...

The deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.

Lower valuations are usually the silver lining of a slumping market. Not so much in 2024. Jonathan Sherman, a 20-year JPMorgan Chase veteran, succeeds Lee Spelman, who has taken a senior advisory role ...

New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Metlife (MET – Research Report), Evans ...

The S&P 500 is on its way to record a stellar annual return and back-to-back years of more than 20% gains. The index has ...

MetLife Acquires PineBridge's Non-CN Assets for US$800M; Pacific Century Group Retains CN Operations ...

METLIFE Investment Management, a subsidiary of US insurer MetLife said on Monday (Dec 23) that it has agreed to buy ...

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The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.

The deal between the U.S. insurer and a company owned by Hong Kong billionaire Richard Li is expected to close in 2025.