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May 02, 2014

Washington, D.C., May 2, 2014 - The Institute of International Finance today announced that Steven A. Kandarian, chairman, president and chief executive officer of MetLife, Inc. has joined the IIF's Board of Directors.

"I am delighted to welcome Steve to our Board," said Douglas Flint, Chairman of the IIF Board of Directors and Group Chairman of HSBC Holdings plc. "The IIF's Board reflects the diverse nature of our membership and Steve's presence will ensure insurance-related issues continue to be a top priority of the IIF."

"I am pleased to join IIF's Board at a time when the proper regulatory environment for insurers is being debated," Kandarian said. "The IIF is an important voice for sensible regulation that preserves a level competitive playing field and ensures that consumers have access to affordable financial products."

"Steve is a strong supporter of the work our industry does to promote economic growth and job creation," said Tim Adams, president and CEO of the IIF. "His business and policy background will make a great contribution to the focus and future of the IIF and I look forward to working with him."

Kandarian became president and CEO of MetLife on May 1, 2011, and chairman of the board of directors on January 1, 2012.

Kandarian joined MetLife in April 2005 as executive vice president and chief investment officer. As CIO, Kandarian oversaw the company's more than $450 billion general account portfolio.

From 2001 to 2004, Kandarian was executive director of the Pension Benefit Guaranty Corporation. Previously, Kandarian was founder and managing partner of Orion Partners, LP, a private equity firm based in the Boston Area. Earlier he was managing director of Lee Capital Holdings. Kandarian began his career as an investment banker with Houston-based Rotan Mosle, Inc.

Kandarian is a board member of the Damon Runyon Cancer Research Foundation, the Lincoln Center for the Performing Arts, and the Partnership for New York City. He is also a member of the Business Council, the Business Roundtable, and the Financial Services Forum. Kandarian earned his B.A. from Clark University, J.D. from Georgetown University Law Center, and M.B.A. from Harvard Business School.

For the full list of the IIF's Board of Directors, visit http://www.iif.com/about/bod/.

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The Institute of International Finance is the global association for the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Within its membership IIF counts leading global banks, insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies. For more information visit www.iif.com.

Media Contacts

Dylan Riddle

Tel: +1 202.857.3626

Email: driddle@iif.com

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