John D. McCallion

Money Moves

Overseeing integration of PineBridge into MetLife's $734.7B asset management platform

MetLife just closed a $734.7 billion bet on survival. On December 30, 2025, the insurance giant completed its acquisition of PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group, catapulting MetLife Investment Management into the top tier of global asset managers. The deal grabbed one-third of its assets from Asia and over half from non-U.S. investors—a geographic expansion play wrapped in an existential necessity.

Updated Dec 31, 2025