MetLife Inc. said Tuesday it is making a slew of executive changes effective July 1, including the retirement of its chief investment officer and a job change for MetLife Bank's former chairman.
Jerry Clark, the chief investment officer and a 35-year veteran of the New York company, will retire at yearend, MetLife said in a press release. He will remain the vice chairman and a member of the board until his retirement, but Lee Launer will become an executive vice president and will succeed Mr. Clark as the chief investment officer on July 1.
Mr. Launer most recently headed the real estate investments unit. In that job, among other things, he oversaw the commercial mortgage and equity real estate portfolio.
Judy Weiss, another executive vice president, is moving from the retirement and savings division in MetLife's Institutional Business to take over its actuarial, tax, financial risk management and strategic planning departments. Before joining the retirement and savings division, she was a co-founder of MetLife Bank and its chairman and chief executive officer. Mike Farrell, a MetLife senior vice president, will take over independent distribution operations.
