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 ...

Shares of banks and other financial institutions rose amid deal activity. BNP Paribas said its BNP Paribas Cardif insurance business agreed to buy AXA Investment Managers for about $5.32 billion in ...

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

A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by ...

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