Financial services firm Manulife has combined its global retail, institutional, and retirement wealth and asset management businesses.
The newly created Manulife Investment Management brand will operate across the Americas, Asia and Europe.
The Toronto-based company hopes the change will strengthen its operations in the markets and it will now “be better positioned to organically grow assets through an amplification and awareness of the size and offerings of the firm”.
Global reach
The retail business will use the Manulife Investment Management brand around the globe except in the US, where it will use John Hancock Investment Management.
Over time, the investment management brand will replace Manulife Asset Management in Asia and Europe, Manulife Investments in Canada, and John Hancock Investments in the US.
The retirement business will use the Manulife brand around the globe except in the US, where it will use the John Hancock name.
“Manulife Investment Management brings the absolute best of Manulife and John Hancock’s wealth and asset management offerings to our customers through a strong, unified, structure and global brand,” said Paul Lorentz, president and chief executive of Manulife’s global wealth and asset management operations.
“Our value proposition is dependent on our commitment to our customers’ success and on our investment and wealth management expertise across both public and private asset classes, coupled with a global model that can be delivered regionally.”
