Things are afoot at
MetLife. The New York vendor has combined its defined contribution, defined benefit and stable value businesses into one unit.
David A. Levene, executive vice president at the firm, will be in charge of the new unit.
"The new unit will be called the MetLife Institutional Retirement & Savings," a spokesperson with the firm told InvestmentWires.
"Levene will report to
C. Robert Henrikson, president of MetLife's Institutional Business. Previously, he was the head of business development and compliance for institutional business. And before that, he was chief actuary," the official reported.
Felix Schirripa will continue to lead on the DB side.
Gary Lineberry, who used to head up the DC side, will consult for that portion of the business during the period of transition.
"This will benefit our clients quite a bit because they will have our full resources and committment for their complete benefit needs," the spokesperson concluded.
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