MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE:MET), today announced that Andrea Drasites will join the company as global head of Real Estate and Agricultural Finance, effective Oct. 1, 2026. She will report to Brian Funk, president of MIM.

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Andrea Drasites will join MetLife Investment Management as global head of Real Estate and Agricultural Finance, effective Oct. 1, 2026.

"We are excited to bring on board Andrea's significant expertise in real estate and extensive leadership experience," said Funk. "She is well positioned to lead our real estate team as we continue to accelerate growth and further scale our global capabilities for clients following the acquisition of PineBridge Investments."

As head of Real Estate and Agricultural Finance, Drasites will lead the company's commercial mortgage and equity real estate portfolio, as well as its agricultural investments portfolio. MIM's real estate portfolio represented $108.9 billion¹ in gross real estate and agricultural assets under management as of December 31, 2025.

Drasites joins MIM from Blackstone, where she held several leadership positions during her 13 years with the firm. Most recently, she was senior managing director in the Real Estate Group. Prior to Blackstone, Drasites held senior roles at Equity One, Inc. and Woolbright Development.

"I'm thrilled to be joining MIM at such a pivotal moment and look forward to working with the team to build on the platform's success and leverage the firm's scale to drive even more opportunities for clients worldwide," said Drasites.

She succeeds Robert Merck, who retired in 2025 following a remarkable 40-year career.

Drasites earned her Bachelor of Arts in international business from Rollins College and an M.B.A. with honors from the University of Florida.

In December 2025, MIM acquired PineBridge Investments (PineBridge), combining MIM's institutional strength and scale with PineBridge's global footprint and specialized investment capabilities. This transaction positions MIM as a top-tier, diversified global asset manager. The combined firm manages $741.7 billion in total assets under management² and delivers comprehensive global expertise across public fixed income, private fixed income, real estate, equity, alternatives, multi-asset and insurance solutions for clients worldwide.

About MetLife Investment Management

MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE:MET), provides tailored investment management solutions to institutional investors worldwide. MetLife Investment Management has long-established global expertise in public fixed income, private fixed income, real estate, equity, alternatives, multi-asset, and insurance solutions and provides public and private pension plans, insurance companies, endowments, funds and other institutional clients with a range of bespoke investment 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, 2025, had $741.7 billion in total assets under management. For more information, see MetLife Investment Management Assets Under Management fact sheet for the quarter ended December 31, 2025 available on MetLife's Investor Relations web page (https://investor.metlife.com).

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, Asia, Latin America, Europe and the Middle East. For more information, visit https://www.metlife.com.

Forward-Looking Statements

The forward-looking statements in this news release, using words such as "continue," "growth," "positions," and "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 does not undertake any obligation to publicly correct or update any of these statements.

Endnotes:

¹ As of December 31, 2025. At estimated fair value.

²As of December 31, 2025. At estimated fair value. Excludes $13.8 billion of General Account AUM that are not managed or advised by MetLife Investment Management, LLC and certain of its affiliates. See Explanatory Note within the MetLife Investment Management Assets Under Management fact sheet for the quarter ended December 31, 2025 available on MetLife's Investor Relations web page (https://investor.metlife.com).

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For Media:

Brian Blaser

(917) 674-3558

bblaser@metlife.com

MetLife Investment Management Names Andrea Drasites Head of Real Estate and Agricultural Finance