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Steven A. Kandarian age 54 is Executive Vice President and Chief Investment Officer for MetLife Inc. He joined MetLife on April 11 2005.
In this role Kandarian is responsible for MetLife’s investment department and the company’s more than $300 billion general account portfolio.
Prior to joining MetLife Kandarian was the executive director of the Pension Benefit Guaranty Corporation (PBGC) from 2001 to 2004. He made the public case for comprehensive reform of the pension funding rules to put the defined benefit system and the PBGC on a sound financial footing. In addition under Kandarian’s leadership the PBGC adopted a new investment policy ensuring that going forward its assets be structured to better match liability durations which was critically important to the mission of the PBGC. As executive director he reported to a board comprised of the secretaries of treasury commerce and labor and was responsible for operations that involved assets of over $35 billion and benefit obligations to some 934 000 workers and retirees in more than 3 200 pension plans.
Before joining PBGC Kandarian was founder and managing partner of Orion Partners LP where he managed a private equity fund specializing in venture capital and corporate acquisitions for eight years. From 1990 to 1993 he served as president and founder of Eagle Capital Holdings where he formed a private merchant bank to sponsor equity investments in small and mid-sized businesses. Prior to establishing Eagle Capital Holdings from 1984 to 1990 he was managing director of Lee Capital Holdings a private equity firm based in Boston.
Previously he held several corporate merger and acquisition and leveraged buyout positions at State Street Bank and Trust and LCB Holdings Inc. Prior to joining LCB Kandarian was an investment banker with Houston-based Rotan Mosle Inc. where he had responsibility for a broad range of projects including: initial public offerings mergers and acquisitions private placements and fairness opinions. Kandarian previously served as a member of the board of trustees for MassMutual Corporate Investors MassMutual Participation Investors and MassMutual Premier Funds.
Kandarian received a B.A. in economics from Clark University in 1974 a JD from Georgetown University Law Center in 1978 and an MBA from Harvard Business School in 1980.
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