Michael Demarco Email & Phone Number

Greater Boston Area

Provide guidance and feedback for the development of new wealth-management initiatives.

Responsible for selection, monitoring and oversight of MetLife’s Institutional Business of 33 fund companies’ registered funds and 42 fund company subadvisors and for providing investment consulting services to all areas of the Institutional Business' set of securities products. Principal accountabilities: • All investment related activities including asset allocation investment advisory services, research, analysis, monitoring and oversight for Separate Account subadvisors and registered funds associated with Institutional securities products and associated compliance processes. • Relationship management of money management partners covering all aspects of the portfolios and marketing support including investment management agreements and investment guidelines. • New idea evaluation & investment product development; Tools and processes for portfolio performance analysis and monitoring, sub-advisor evaluation, and competitive analysis.

Head of portfolio and investment manager analysis for rapidly growing $80 billion business using some 100 third-party asset managers. Member of Investment Committees for Wealth Management and for Fiduciary Management businesses. Responsible for developing the methodologies and the analytic tools to understand the drivers of risk and performance. Managed team of ten+ in New York and London.

Key member of the firm's Trust Investment Committee, Risk Management Committee, Derivatives Counterparty Review Group, and Derivatives Taskforce Steering Committee.• Regular meetings with institutional clients and prospects to review the design and structure of their investment funds and to develop solutions for fund performance in the context of liabilities or asset-only risk.• Worked with investment teams experiencing performance issues to diagnose drivers of underperformance and to formulate strategy refinements to address them.• Provided the vision and led the design and implementation of the firm’s enterprise-wide risk assessment processes and oversight system.• Led evaluation and introduction of risk analysis tools to support the firm’s investment decision-making, portfolio risk control, and performance attribution analysis. Frequent support to due diligence teams that evaluate / approve proposed new mandates.• Conducted the discussions with regulators regarding company risk management practices: OCC auditors, SEC, etc.

• Advisor on investment policy, fund construction, and risk oversight to institutional investors such as IBM, Northrop Grumman, Lucent Technologies, GM, CalPERS, The CommonFund, Ontario Teachers, MIT, BP-Amoco, University of California System, et al.• Established analysis and advisory support to client CIO/CEOs covering portfolio construction, risk management and capital markets research. Conducted asset allocation policy and rebalancing strategy analyses, peer-group top-priority assessments, and hosted "best-practices forums", e.g., decomposition analysis of clients’ risk and performance.• Member of Putnam’s Profit Sharing Retirement Plan Advisory Committee, and of the Commodity Futures Trading Commission’s Financial Products Advisory Committee.

• Head of Global Equity Derivatives Portfolio Management: Launched country, asset-class mix, and “size” hedging strategies with exchange traded and OTC options and futures for returns enhancement as well as risk control of the $22 billion pension fund.• First GTE risk manager; established all policies, escalation procedures, and controls for $7 billion internally managed portfolios, e.g., hot-spots monitoring system, value-at-risk account performance oversight, and periodic analysis of benchmark misfit risks.• Investment Manager: Co-managed $2.5 billion U.S. equity portfolio with security selection and asset allocation performance goals. Developed new strategies for small and mid-cap U.S. equity. As Asset Allocation Project Manager, led the creation and implementation of multifactor models for controlling size of U.S. equity program and extended models for U.S. equity style & sector tilting strategies.• Risk Standards Working Group founding member.

• Portfolio Strategist for Citicorp pension fund: led team evaluating Alternative Investments: Energy and Real Estate partnerships.• Managed portfolios for European and Emerging Market equities and for U. S. debt.• Head - Structured Finance, Citicorp Investment Bank.• Also, Citibank International Banking Group: Country treasurer (Puerto Rico / U.S.V.I.), and Senior credit officer (Argentina).

S.M., Finance

B.S., Engineering & Finance