15 03 2016

Mutual Life Insurance Company acquires MetLife Premier Client Group from MetLife, Inc.

Willkie client MetLife, Inc. announced that it has agreed to sell its U.S. Retail advisor force – the MetLife Premier Client Group (MPCG) – to Massachusetts Mutual Life Insurance Company.


MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The company, led by Steven Kandarian, Christopher G Townsend, Michel Khalaf, John C R Hele and Steven J Goulart, is based in New York. MPCG is a retail distribution operation with more than 40 local sales and advisory operations and approximately 4,000 advisors across the United States. In addition to MetLife’s retail advisor firms, the transaction will encompass certain MetLife employees who support the MetLife Premier Client Group; MetLife’s affiliated broker-dealer, MetLife Securities, Inc.; and certain assets associated with the MetLife Premier Client Group, including employee contracts. MetLife and MassMutual have also agreed to enter into a product development agreement under which MetLife’s U.S. Retail business will be the exclusive developer of certain annuity products to be issued by MassMutual. The Willkie deal team included partners John Schwolsky (Picture) and Laura Delanoy, and associate Howard Block. Involved fees earner: John Schwolsky - Willkie Farr & Gallagher; Laura Delanoy - Willkie Farr & Gallagher; Howard Block - Willkie Farr & Gallagher;

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