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MetLife Assurance has announced the appointment of Dan DeKeizer as chief executive of its UK pension liability transfer business, which includes bulk annuity buy-outs.

MetLife is an affiliate of US financial services giant MetLife Inc, which includes the largest life insurer in the US among its subsidiaries. As at the end of June, MetLife Inc had total assets of more than £298bn.

Mr DeKeizer has held several senior leadership roles during his 19 years with the company. His most recent position was in MetLife’s retirement strategies group, where he was responsible for financial, capital and risk management issues, as well as product strategy and development.

MetLife has also appointed Emma Watkins as business development manager. Ms Watkins has more than 10 years' experience of the pensions market, gained in positions with ACE Europe, Hazell Carr Pensions Consulting and Prudential.

The appointments seek to position MetLife’'s UK pension liability management business for further growth.

William Mullaney, president of MetLife's institutional business, said: "We welcome Mr DeKeizer and Ms Watkins to their new roles and look forward to leveraging their leadership to maximise the considerable business opportunities that exist in the UK pension risk management market. The plan buy-outs sector in particular is growing rapidly and that is expected to continue in the medium term."

Mr DeKeizer said: "I look forward to the opportunities ahead. While there are significant differences between the UK bulk annuities market and the US pension risk management market, particularly when it comes to the regulatory structure, we believe there are some overwhelming similarities."