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Article: MetLife: More to Come After Key Bank Hire.(MetLife Investors Group)(Brief Article)
- Article from:
- American Banker
- Article date:
- August 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MetLife Investors Group Inc., which recently laid off bank wholesalers, has added an executive to focus on bank sales and says it is committed to expanding annuity distribution.
In April the Newport, Calif., unit of MetLife Inc. went from seven bank-dedicated wholesalers to three because of poor sales. But Les Sutherland, an executive vice president of the MetLife Inc. unit, said it never intended to give up on bank distribution.
On July 25 the company announced a step toward expanding distribution, the hiring of Edward A. Van Hoorebeke as the senior vice president for bank sales. Mr. Van Hoorebeke had been with American Skandia as the national vice ...