Names Endre Pedersen, CIO,
global emerging market fixed income, to lead 66-person team
TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, June 7, 2021 /CNW/ - Manulife Investment
Management today announced a number of enhancements to its emerging
market fixed-income (EM) organization to align capabilities
globally and integrate the firm's deep local resources worldwide.
Endre Pedersen—a 22-year veteran of EM fixed income— has been
promoted to a new position as CIO, global emerging market fixed
income. Endre will lead a 66-person team with responsibility for
over US$46 billion in assets under
management.*
This announcement comes after several years of strong growth in
Manulife Investment Management's EM fixed-income strategies, which
have benefited from the firm's expansive investment footprint and
leading credit research capability. The firm believes further
alignment of its global emerging market fixed-income team will help
to achieve consistent output and delivery across the asset class.
It anticipates the increased connectivity and collaboration of the
teams will also provide greater clarity on the team's investment
strategy and will result in improved efficiency in meeting
product demand and performance needs for clients.
"Manulife Investment Management has operated in emerging markets
for more than a century," said John
Addeo, CIO, global fixed income, Manulife Investment
Management. "Today, we have one of the largest fixed-income teams
in Asia, and this enhancement,
under Endre's leadership, will result in one of the largest and
most experienced teams in the industry. This local insight—paired
with deep investment expertise—has become increasingly important to
investors facing a scarcity of income opportunities. The steps we
are taking with our emerging markets team help expand its reach and
resources and further support this crucial capability within our
investment organization."
The firm has also announced several other promotions to support
the new structure:
- Fiona Cheung, previously
responsible for the firm's credit activities in Asia ex-Japan, has been promoted to head of global EM
fixed-income research.
- Don Tucker, head of U.S.
fixed-income research, has been promoted to head of global
developed market fixed-income research.
- Joseph Huang has been promoted
to head of South Asia fixed-income
research.
- Nick Pena, managing director,
senior credit analyst, U.S. fixed income, has been promoted to
sector leader of the EM fixed-income research team.
"These actions are a testament to the critical role emerging
markets play in today's fixed-income landscape and the deep pool of
talent in our investment organization," said Endre Pedersen. "We believe we have a
competitive advantage in this space. By globalizing and
strengthening this capability, we're better positioned to deliver
for our clients while also expanding the pipeline of research and
insight we can deliver for other capabilities at Manulife
Investment Management."
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 March 31, 2021, Manulife
Investment Management had CAD $764.1
billion (US $607.6 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
________________
*as of 3/31/2021
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SOURCE Manulife Investment Management