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MetLife appoints Wayne Daniel as head of US Pensions

MetLife has appointed Wayne Daniel as the new vice president, US Pensions, in MetLife's Corporate Benefit Funding division.

Daniel will report to Robin Lenna, Executive Vice President and head of Corporate Benefit Funding at MetLife.

Daniel will assume his new role, based in New York, in May 2014, while continuing his current role as CEO of MetLife Assurance, a leading specialist bulk annuity pension provider and U.K. subsidiary of MetLife, through the completion of the sale and transition of MetLife Assurance services to Rothesay Life Limited.

The acquisition of MetLife Assurance by Rothesay Life was announced in February and is expected to be completed in the second quarter of 2014, subject to regulatory approval and satisfaction of other closing conditions.

"Wayne’s appointment is indicative of MetLife’s strong commitment to the U.S. Pensions market. Having led our U.K.-based pension team, he is already familiar with MetLife’s strategy, our business and pension product offerings," said Lenna.

"Wayne’s breadth of knowledge, global perspective and experience with all facets of the pension risk transfer business will further deepen our leadership team in the U.S. I am confident that Wayne’s appointment will enable MetLife to continue to strengthen its industry leadership position."

Daniel joined MetLife Assurance in late 2011 as Vice President and was promoted to Chief Executive Officer in March 2012. Prior to MetLife, Daniel was managing director of Longevity Markets at Credit Suisse, where he worked on one of the largest longevity swap transactions in the U.K.

Earlier, Daniel was a senior vice president at Sun Life Financial, leading the global reinsurance business. He began his career as a pension actuary with a large mutual insurer in South Africa and is a qualified Fellow of the Institute of Actuaries.