Metropolitan Life Insurance Company has set its sights on being a major manufacturer and distributor of financial services products sold through other financial institutions and independent intermediaries.
To prepare the way, MetLife announced the hiring of two well-known executives in this arena, Jamie Shepherdson and Greg Brakovich, who both, until recently, ran Equitable Distributors Inc.
Under their leadership since its inception in 1996, EDI grew to manage more than $6 billion in assets, with annual sales of more than $3 billion. Shepherdson and Brakovich will serve as co-CEOs of Security First Group, a Los Angeles-based subsidiary serving MetLife’s key organization to design, manufacture and distribute financial services products through financial intermediaries, including NASD firms, NY wirehouses, regional investment firms as well as banks and credit unions.
In addition, the duo is responsible for developing the Security First Trust and investment advisory activities into a world-class asset management lineup.
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