New head of insto business for MetLife

Group insurer, MetLife, has appointed a new head of institutional business to allow Michael Burke to take on a new role at the firm.

Richard Anderson, currently a life risk specialist with the Australian Prudential Regulation Authority (APRA), will join MetLife in October. Michael Burke, the current head of institutional business, has accepted a newly-created full time role as vice president, new marketing opportunities. “I am very pleased to announce that Michael will remain with MetLife, where his extensive business knowledge and industry experience will continue to be a huge asset to our business,” said Tassin Barnard, MetLife’s chief executive. A MetLife spokesperson said Burke’s new role would allow him to step back from day-to-day client responsibilities and focus on new expansion opportunities.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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