MetLife Investment Management to Acquire Specialist ESG Manager, Affirmative Investment Management
August 29 2022 - 8:00AM
Business Wire
MIM to expand sustainable investing solutions
for institutional clients
MetLife Investment Management (MIM), the institutional asset
management business of MetLife, Inc. (NYSE: MET), announced that it
has entered into a definitive agreement to acquire Affirmative
Investment Management (AIM), a specialist global environmental,
social and corporate governance (ESG) impact fixed income
investment manager with deep capabilities in impact investing,
verification, reporting and engagement. As of June 30, 2022, AIM’s
assets under management were $1.01 billion. The acquisition is
subject to customary closing conditions, including regulatory
approval.
The acquisition will advance MIM’s ESG investment and reporting
capabilities as it seeks to deliver client solutions and long-term
risk adjusted returns. “By combining AIM’s expertise with MIM’s
commitment to sustainable investing, we will be even better
positioned to provide comprehensive insight and counsel to clients
and consultants on ESG considerations,” said Steven J. Goulart,
president of MIM and executive vice president and chief investment
officer for MetLife. “MIM will maintain its fundamental investment
processes, and AIM brings us additional capabilities to evaluate
sustainability and risk considerations across our core competencies
in public fixed income, private fixed income and real estate.”
“We are pleased to be able to join a world-class institutional
investment firm in MIM and continue our mission of managing
high-performing portfolios that consider positive environmental and
social impact,” said Stephen Fitzgerald, who co-founded AIM in
2014. “Upon our planned integration with MIM’s investment teams, we
believe that we can deliver differentiated insights and analysis to
MIM’s growing roster of global clients.”
AIM has won numerous ESG related industry awards, most recently
Best ESG Investment Fund: Fixed Income at the ESG Investing Awards
2022, Impact Asset manager of the Year at the 2021 Australian
Impact Investment Awards, and Impact Report of the Year (for
investors) at the Environmental Finance Bond Awards in 2021.
About MetLife Investment
Management
MetLife Investment Management, the institutional asset
management business of MetLife, Inc. (NYSE: MET), is a global
public fixed income, private capital and real estate investment
manager providing tailored investment solutions to institutional
investors worldwide. MetLife Investment Management provides public
and private pension plans, insurance companies, endowments, funds
and other institutional clients with a range of bespoke investment
and financing solutions that seek to meet a range of long-term
investment objectives and risk-adjusted returns over time. MetLife
Investment Management has over 150 years of investment experience
and, as of June 30, 2022, had $590.9 billion in total assets under
management.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help individual and institutional
customers build a more confident future. Founded in 1868, MetLife
has operations in more than 40 markets globally and holds leading
positions in the United States, Japan, Latin America, Asia, Europe
and the Middle East. For more information, visit
www.metlife.com.
About Affirmative Investment
Management
Affirmative Investment Management (AIM) is a specialist global
environmental, social and corporate governance (ESG) impact fixed
income investment manager with deep capabilities in impact
investing, verification, reporting and engagement. Established in
2014, AIM focuses on mobilizing mainstream capital to address
ESG-related challenges. Its mission is to manage fixed income
portfolios that generate positive environmental and social impact
without compromising financial returns. AIM’s highly experienced
team is solely focused on investing in, and expanding, the impact
bond market with a rigorous approach to building impact bond
portfolios and generating returns.
Forward-Looking Statements
The forward-looking statements in this news release, using words
such as “will,” “seek,” “continue,” “planned,” “believe” and “can”
are based on assumptions and expectations that involve risks and
uncertainties, including the “Risk Factors” MetLife, Inc. describes
in its U.S. Securities and Exchange Commission filings. MetLife’s
future results could differ, and it does not undertake any
obligation to correct or update any of these statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220829005211/en/
For Media: Dave Franecki +1-973-264-7465
dave.franecki@metlife.com
Jansel Murad (646) 722-6537 mim@dlpr.com
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