MetLife Names Goulart to Oversee $450 Billion Portfolio: Bloomberg Article Featuring Tim White, Recruiter at Kaye/Bassman in Dallas, Texas

FOR IMMEDIATE RELEASE:

MetLife Names Goulart to Oversee $450 Billion Portfolio: Bloomberg Article Featuring Tim White, Recruiter at Kaye/Bassman in Dallas, Texas

Dallas, Texas, 5/6/2011:  MetLife Inc. (MET), the largest U.S. life insurer, selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion.

Goulart, 52, replaces Steven Kandarian, who became chief executive officer of the New York-based insurer yesterday. The portfolio expanded by about 75 percent in six years under Kandarian through acquisitions and investment gains.

MetLife is one of the largest bond investors, with more than $320 billion in fixed-income holdings, including corporate debt, government bonds and asset-backed securities. Kandarian, a former private-equity executive, had braced MetLife for the housing slump by selling Manhattan