MetLife Adds Goldman’s D’Agosta in Asset-Management Push

MetLife Inc. (MET), the largest U.S. life insurer, said Nela D’Agosta joined from Goldman Sachs Group Inc. as a managing director in the unit investing funds for institutional clients.

D’Agosta will focus on marketing and relationships for MetLife, the New York-based insurer said in a statement today. She was a senior relationship manager at Goldman Sachs’s asset management unit.

MetLife created the unit for institutional investors last year as Chief Executive Officer Steve Kandarian works to boost fee income and scales back from capital-intensive businesses like variable annuities. The insurer said last month that it won a commitment of as much as $5 billion from SunTrust Banks Inc. (STI) for commercial mortgage loans.

“Nela will bring strong global experience in sales, relationship management and team leadership,” Lou Jug, head of investor services for MetLife Investment Management, said in the statement. “Her extensive relationship management expertise and client service capabilities are valuable assets.”

Earlier at Goldman Sachs, D’Agosta was global head of insurance client relationship management. Andrea Raphael, a spokeswoman for the New York-based bank, declined to comment.

D’Agosta also worked at JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) and graduated from Villanova University in 1990 with a bachelor’s degree in business administration.

Photographer: Scott Eells/Bloomberg

The MetLife Inc. headquarters building stands in New York. Close

The MetLife Inc. headquarters building stands in New York.

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Photographer: Scott Eells/Bloomberg

The MetLife Inc. headquarters building stands in New York.

To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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