MetLife Closes CitiStreet Unit Deal
Tags: METROPOLITAN Life Insurance Co.; CITISTREET LLC; CONSOLIDATION & merger of corporations; JOINT ventures; CITIGROUP Inc.; STATE Street Corp.; RETIREMENT policies; ANNUITIES
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- MetLife Buying Portion of Citi-State Street Venture. Kulikowski, Laurie // American Banker;7/5/2005, Vol. 170 Issue 127, p20
Focuses on MetLife Inc., a New York insurance company that will buy part of CitiStreet LLC, a joint venture in Massachusetts. Partners in the CitiStreet joint venture; Background on MetLife's deal for CitiStreet Associates; Suggestion that Citigroup Inc. is continuing its divestiture; Views of...
- MetLife To Acquire Travelers Life & Annuity For $11.5 Billion. Tuckey, Steven // National Underwriter / Life & Health Financial Services;2/7/2005, Vol. 109 Issue 5, p6
The article reports on the acquisition of Travelers Life & Annuity by MetLife Inc. in the insurance industry. In addition to the top life insurance sales spot, the deal also will make MetLife Inc. the largest retirement plan provider, based on sales and the largest provider of group annuity...
- Upscale Move. Lysiak, Fran Matso // Best's Review;Mar2005, Vol. 105 Issue 11, p61
Focuses on the acquisition by Metlife Inc. of Travelers Life & Annuity from Citygroup Inc. in the U.S. Advantage of the deal to Metlife; Agreement that Metlife will expand its distribution through some of Citigroup's distribution channels; Comments of several analysts on the effects of the...
- Top Life Seller MetLife: The Biggest Gets Bigger. // Best's Review;Mar2005, Vol. 105 Issue 11, p62
Focuses on the acquisition by MetLife Inc. of Travelers Life & Annuity from Citigroup Inc. in the U.S. Corporate history of Citigroup; Productivity of Metlife after the acquisition; Competition of Metlife with other insurance companies.
- CitiStreet Is on the Lookout for Acquisitions. Ackermann, Matt // American Banker;11/15/2007, Vol. 172 Issue 221, p7
The author reports on the opinions of Sandy McCarthy, who is taking over as president of CitiStreet LLC, regarding a joint venture between State Street Corp. and Citigroup Inc. According to the article, McCarthy feels that the venture needs to expand with acquisitions if it is going meets its...
- CitiStreet CEO Going Back to State Street. Ackermann, Matt // American Banker;2/16/2005, Vol. 170 Issue 32, p20
Reports that CitiStreet, a joint venture between Citigroup Inc. and State Street Corp., said that James S. Phalen, its chairman and chief executive, will rejoin State Street on March 1, 2005.
- CitiStreet to Add Fiduciary Services Site. // American Banker;12/20/2007, Vol. 172 Issue 244, p7
The article reports that the company CitiStreet is adding a program called PlanFIRST to its fiduciary services. CitStreet is a joint venture of Citigroup Inc. and State Street Corp. that manages benefit plans for 11 million participants. The program will guide customers through a regulatory...
- CitiStreet Hones Products for Small-Corporate Marketplace. Garmhausen, Steve // American Banker;8/8/2006, Vol. 171 Issue 151, p13
This article reports that CitiStreet is using improved product roster and a veteran sales staff to make inroads in the competitive small-business retirement market. The joint venture between State Street Corp. and Citigroup Inc., started in 2000, is known for big clients as well as 6,000 small...
- CitiStreet tackles defined contributions. // Treasury & Risk Management;Jan/Feb2000, Vol. 10 Issue 1, p18
Informs that Citigroup has allied with State Street Corp. in a global benefits delivery joint venture after State Street had reportedly rebuffed Citigroup's efforts to buy the benefits unit. New company called CitiStreet; Focus on defined contribution and total benefits administration.
