* Hele, ING veteran, joins from Arch Capital
* MetLife reorganized executives late last year
July 25 MetLife Inc, the largest life
insurer in the United States, on Wednesday named banking and
insurance industry veteran John Hele as its chief financial
Hele, who joins MetLife from Arch Capital Group Ltd
, replaces interim CFO Eric Steigerwalt. Before Arch,
Hele was the chief financial officer of ING Groep NV,
the bank bailed out by the Dutch government during the financial
Last November, MetLife reorganized its business into three
geographic regions, and it named then-CFO William Wheeler as
president of its Americas division. Steigerwalt has been the
interim CFO since.
Hele will officially take up the new job from early
September, MetLife said in a statement.
He joins as the company faces a number of regulatory
challenges, among them its ongoing efforts to buy back shares
and raise its dividend, moves thus far blocked by the Federal
Reserve. The company is also expected to be regulated as
systematically important once those rules are in place.