TSX/NYSE/PSE: MFC SEHK:
945
Commits to product innovation and offering to broader
distribution and investor base
BOSTON, April 16, 2021 /PRNewswire/ - Manulife
Investment Management today announced that it has named
Alex Catterick as Senior Managing
Director, high-net-worth strategy, Private Markets. In this newly
created position, Alex will be responsible for defining the private
markets global high-net-worth (HNW) strategy and managing the
development, launch and growth of new products designed for the HNW
investor base.
Manulife Investment Management offers private asset investment
capabilities across private equity and credit, real estate,
infrastructure, timberland, and agriculture to investors
globally. With more than $100
billion in AUMA managed on behalf of clients including
Manulife's general account, Manulife Investment Management's
capabilities include recent milestones for investors such as
closing US$1.5 billion in commitments
to Manulife Private Equity Partners, L.P. in 2020, and closing
approximately US$2 billion in capital
commitments to the John Hancock Infrastructure Fund I in 2018.
"We are thrilled to have Alex take the reins in this new role,"
said Steve Blewitt, global head of
private markets, Manulife Investment Management. "We have one of
the most diverse set of private market capabilities in the industry
and high-net-worth investors represent one of the fastest growing
channels. Alex's expertise will be instrumental as we enter this
exciting new chapter for the business connecting high-net-worth
investors with strategies that were historically only available for
institutional investors."
Alex joins Manulife Investment Management with more than two
decades of experience in alternative investment, wealth management
and capital markets. Most recently, he served as Regional Head of
Alternative Investments at HSBC, where he led alternative
investment distribution, product management and strategy across the
Wealth Management and Private Banking platform in the Americas.
"Alex's decades of experience in both high-net-worth and private
markets allows us to expand and innovate our product structures to
provide additional opportunities for HNW investors," said Ken
Pogrin, chief operating officer, private markets, Manulife
Investment Management. "Through this development, we hope to
educate and provide access for investors who may be missing out on
the significant diversification and return potential of private
assets."
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more
than a century of financial stewardship and the full resources of
our parent company to serve individuals, institutions, and
retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 17 countries and territories. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our
workplace retirement plans. Today, plan sponsors around the world
rely on our retirement plan administration and investment
expertise to help their employees plan for, save for, and live
a better retirement.
As of December 31, 2020, Manulife Investment
Management had CAD$966 billion
(US$758 billion) in assets under management and
administration. Not all offerings are available in all
jurisdictions. For additional
information, please visit manulifeim.com.
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SOURCE Manulife Investment Management