Sara Queen to Join MetLife Investment Management as Head of Real Estate Equity Group
March 01 2021 - 11:06AM
Business Wire
Mark Wilsmann to retire after more than three
decades at MetLife
MetLife Investment Management (MIM), the institutional asset
management business of MetLife, Inc. (NYSE: MET), has appointed
Sara Queen as managing director and head of Real Estate Equity,
effective March 15, 2021. Reporting to Robert Merck, senior
managing director and global head of MetLife Investment
Management’s Real Estate and Agriculture business, Queen will
succeed Mark Wilsmann, who is retiring at the end of March after
more than 30 years with the company.
“Sara’s passion for commercial real estate, her strong client
relationships and her leadership and business development
experience make her the perfect choice to lead our Real Estate
Equity group into a new era,” said Merck.
“I thank Mark for his many contributions to the company over the
years. He leaves our Real Estate Equity platform well-positioned as
he passes the baton to Sara, who throughout her career has proven
time and time again that she’s eager to roll up her sleeves, build
a winning platform and drive real value for institutional clients.
We couldn’t be happier to have her join the team,” added Merck.
Queen will oversee MetLife Investment Management’s $32.7
billion1 Real Estate Equity portfolio, which comprises core,
core-plus, build-to-core, value-add and opportunistic strategies
for the firm’s institutional clients and MetLife’s general
account.
She joins from Mapletree Investments, a global real estate
development, investment and capital management company
headquartered in Singapore, where she was head of the company’s
North America business. After joining Mapletree Investments in
2018, Queen tripled the firm’s U.S. real estate equity assets under
management (AUM) to $10 billion.
Prior to Mapletree Investments, Queen spent 11 years at
Brookfield as head of asset management for the company’s U.S.
office portfolio, in addition to overseeing strategic planning and
management of their expanding closed end accounts business. Before
Brookfield, she spent nine years at Clarion Partners in a variety
of asset management and portfolio management roles.
Queen began her asset management career at MetLife in 1991,
before departing in 1996 to pursue her MBA from Harvard Business
School. She also holds a BA in Economics and History from Wellesley
College.
MetLife Investment Management’s Real Estate group has offices in
the U.S. and international markets, including London, Mexico City,
Santiago and Tokyo. As of December 31, 2020, MetLife Investment
Management had $106.7 billion in commercial real estate AUM2 and
$659.6 billion in total AUM.3
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 December 31, 2020 has $659.6 billion in total assets
under management.3
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 its individual and institutional customers navigate their
changing world. 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.
Forward-Looking Statements The
forward-looking statements in this news release, such as “will” 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 has no obligation to correct or
update any of these statements.
1 As of December 31, 2020. At estimated fair value. Represents
the value of all real estate equity managed by MIM, excluding
commercial mortgage loans included within certain real estate joint
ventures owned by MetLife's general account, presented on the basis
of gross market value (inclusive of encumbering debt).
2 As of December 31, 2020. At estimated fair value. Represents
the value of all commercial mortgage loans (including commercial
mortgage loans included within certain real estate joint ventures
owned by MetLife’s general account) and real estate equity managed
by MIM, presented on the basis of gross market value (inclusive of
encumbering debt).
3 At estimated fair value, presented on the basis of net asset
value (net of encumbering debt). Includes MetLife general account
and separate account assets and unaffiliated / third party
assets.
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For Media: James Murphy +1 917-225-6303
james.p.murphy@metlife.com
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