TORONTO, Sept. 29, 2011 /PRNewswire/ -- Jacqui Allard has been named President, Manulife Asset Management Canada, J-F Courville, Chief Executive Officer of Manulife Asset Management announced today.
In addition to this new role, she will maintain her position as global Chief Operating Officer for Manulife Asset Management.
"Jacqui is an outstanding leader and I'm very pleased to have her take on this additional role as part of the evolution of our organizational structure," Mr. Courville said. "In this role, Jacqui will focus on building our asset management business in Canada, while leveraging strong global functional structures. The organization has generated significant momentum and this change will help us continue to build on that momentum, bringing excellent value to our clients and maximizing opportunities in our chosen markets.
Barry Evans is President of Manulife Asset Management US. Michael Dommermuth is President of Manulife Asset Management Asia.
In these roles, they each are responsible in their regions for establishing and executing business strategy, business development, regulatory and business risk management; client relationship management and local operational and managerial support for the business.
"Manulife Asset Management has experienced substantial growth over the past years, driven by a firm commitment to build a strong complex of empowered, high performance investment teams around the world," he said. "We are pleased with our success to date, and we firmly believe we have tremendous opportunities ahead of us in the markets we have chosen to focus on. This new organizational structure will best position us to maintain our global centers of excellence while amplifying the focus we bring to local delivery and client service."
About Manulife Asset Management
Manulife Asset Management™ is the global asset management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at June 30, 2011 assets under management were Cdn$209 billion (US$217 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset Management was known as MFC Global Investment Management.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 21 countries and territories worldwide. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were Cdn$481billion (US$498 billion) as at June 30, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
SOURCE Manulife Asset Management