MetLife Investment Management completed the acquisition of PineBridge Investments from Pacific Century Group for $1.2bn.

MetLife Investment Management, the institutional asset management business of MetLife, completed the acquisition of PineBridge Investments, a global asset manager, from Pacific Century Group, a private equity firm, for $1.2bn. “Together, we are building a firm designed to meet today’s market challenges and capture tomorrow’s investment opportunities. We’re confident the combination of these two firms furthers our ambition to accelerate growth in line with our New Frontier strategy,” John McCallion, MIM Chief Financial Officer of MetLife and Head.