MetLife Ties Up With State Street to Buoy Investment Business
Per the multi-year agreement, MetLife Investment Management and its affiliates will originate and service for State Street affiliates up to $2 billion in commercial mortgage loans. This latest deal with State Street will further aid the unit to grow its real estate platform by offering a wider range of real estate financing options to its borrowers. Increasing interest rate along with easing regulatory pressures leads to a favorable environment for growth of investment management business. After years of low interest rates and regulatory challenges, MetLife is eagerly trying to build this business.Meanwhile, MetLife has been busy streamlining its business to focus on low risk and low capital intensive business, and the one that provides a steady stream of revenue flows.