Hancock Natural Resource Group adopts the Manulife Investment
Management brand
US$ unless otherwise
stated
TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, Nov. 15, 2021 /PRNewswire/ - Manulife
Investment Management today announced it has completed the
alignment of its private markets business under the Manulife
Investment Management global brand. This completes a multi-year
strategy to bring all institutional wealth and asset management
businesses together more formally under the Manulife Investment
Management brand.
Manulife Investment Management operates across retirement,
retail investing, and institutional asset management businesses
globally, with US$835 billion under
management and administration. Its broad capabilities in
traditional and private assets are strengthened by the global reach
of an investment footprint that spans 18 geographies and a
commitment to sustainability that includes environmental, social
and governance (ESG) integration, active and responsible
stewardship, and third- party collaborations and certifications for
overall industry transparency and effectiveness.
Manulife Investment Management's diverse private markets
businesses – including timberland and agriculture – have operated
within the global wealth and asset management business for decades.
And effective today, Hancock Natural Resource Group, Inc has
changed its name to Manulife Investment Management Timberland and
Agriculture Inc. The change completes the transition of all
Manulife Investment Management private markets'
capabilities—totaling more than US$58B across private equity and credit and real
assets—to align under a single global
brand.1
"The diversity of Manulife Investment Management's capabilities
– serving investor groups across geographies – is a core strength,
and private markets continues to be a key growth driver for our
future," said Paul R. Lorentz,
president and CEO of Manulife Investment Management. "By further
aligning our private markets capabilities, we can demonstrate the
full breadth of our business to existing and potential
customers."
Today's announcement is in keeping with a priority to position
Manulife Investment Management's timberland and agriculture
capabilities for future growth. Recent actions include uniting the
firm's real assets capabilities under Christoph Schumacher, who joined the firm in
May 2021 as the global head of real
assets for Manulife Investment Management and the CEO of Manulife
Investment Management Timberland and Agriculture Inc. Industry
veterans and longtime employees Thomas G.
Sarno and Oliver S. Williams,
CFA, global heads of timberland and agriculture, respectively,
report to Christoph and will continue to provide strategic
leadership for these asset classes.
"Timberland and agriculture are cornerstones of our private
markets capabilities and crucial to how we help clients meet their
investment and sustainability objectives," said Stephen J. Blewitt, global head of private
markets, Manulife Investment Management. "We believe the
investments we've made in these areas will help us expand the reach
of these unique offerings in markets around the world."
Manulife Investment Management manages approximately 6 million
acres of timberland across the United
States, Canada,
New Zealand, Australia, Brazil, and Chile. It also oversees approximately 400,000
acres of prime farmland in major agricultural regions of
the United States and in
Canada, Chile, and Australia. The firm's comprehensive private
markets businesses include private equity and credit,
infrastructure, real estate, timberland, and agriculture.
1 As of
09/30/21, private markets assets under management (AUM)
information, on a fair value basis, represent private equity,
private credit, real estate equity, infrastructure, timberland, and
agriculture assets managed by Manulife Investment Management
(Manulife IM) on behalf of external clients and Manulife's general
account.
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About Manulife Investment Management
Manulife Investment Management is the global brand for 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 18 geographies. 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 September 30, 2021, Manulife
Investment Management's assets under management and administration,
including assets managed for Manulife's other segments, totaled CAD
$1.1 trillion (US $835 billion). Not all offerings are available in
all jurisdictions. For additional information, please visit
manulifeim.com.
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SOURCE Manulife Investment Management