Thursday, October 23, 2014

Steven Kandarian: MetLife CEO & Chairman

Steven Kandarian was raised in West Hartford, Connecticut; his parents Lillian and Albert Kandarian came from Armenia.  Steven received his B.A. from Clark University. He earned his J.D. from Georgetown University Law Center and obtained his M.B.A. from Harvard Business School.

He began his career as an investment banker with Rotan Mosle, Inc., a company based in Houston, Texas. Steven became a managing director at Lee Capital Holdings and later founded and was managing partner of Orion Partners, LP, a private equity firm headquartered in the Boston area.

He  was executive director of the Pension Benefit Guaranty Corporation (PBGC) from 2001 to 2004 and helped lay the groundwork for the enactment of the Pension Protection Act of 2006.

Steven joined insurance company MetLife in April 2005 as executive vice president and chief investment officer (CIO).  He has also overseen since 2007, the company’s enterprise-wide strategy, which identified key areas of focus for the company. He played a major role in MetLife’s reduction of exposure to sub-prime mortgaged-backed securities keeping the company in sound financial footing after the crisis.

Steven was appointed CEO of MetLife in May 1, 2011 and chairman on January 1, 2012.  MetLife generated $68.2 billion in revenue in 2013. 

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