Manulife Continues Transformation Journey By
Unifying Its Global Institutional, Retail and Retirement
Businesses
C$ unless otherwise stated
TSX/NYSE/PSE: MFC SEHK: 945
TORONTO, May 7, 2019 /CNW/ - Marking another important
milestone in the Company's transformation into the most digital,
customer-centric global company in its industry, Manulife today
announced it has unified its institutional, retail and retirement
wealth and asset management businesses around the world under a
single, new brand: Manulife Investment Management.
These businesses formerly operated under multiple brands and as
separate units in different markets. Manulife Investment Management
now brings its wealth management and investment expertise together
across these three complementary business lines, and across the
Americas, Asia and Europe, to better serve investors worldwide.
This unified presence will provide customers and intermediaries
with a more consistent, seamless entry into its various investment
management businesses, including the launch of
manulifeinvestmentmgt.com.
The new brand allows Manulife Investment Management to extend
its strengths deeper into existing channels and markets and
strategically position products and solutions to both current and
future investors. It will also bring additional capabilities to
customers and drive efficiencies by leveraging the scale of the
global wealth and asset management business. In addition, the
business will now be better positioned to organically grow assets
through an amplification and awareness of the size and offerings of
the firm.
"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
& CEO, Global Wealth & Asset Management. "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."
Manulife Investment Management Around the Globe
- The retail business will use the Manulife Investment Management
brand around the globe except in the U.S. where we will use John
Hancock Investment Management. This will replace Manulife Asset
Management in Asia and
Europe, Manulife Investments in
Canada, and John Hancock
Investments in the United
States.
- As part of Manulife Investment Management, the retirement
business will use the Manulife brand around the globe except in
the United States, where we will
use the John Hancock brand. This will ensure we provide a
consistent and more holistic approach to plan participants and plan
members in each of the regions.
- The new Manulife Investment Management brand will also replace
global legacy branding supporting the public markets' institutional
business, including Manulife Asset Management and John Hancock
Asset Management brands.
- Across the Private Markets businesses, including Hancock
Natural Resource Group, Hancock Capital Management and the John
Hancock Infrastructure and Real Estate brands, they will become
Manulife Investment Management, with the exception of Hancock
Natural Resource Group which will evolve to be more closely
affiliated with the Manulife Investment Management brand.
About Manulife
Manulife Financial Corporation is a
leading international financial services group that helps people
make their decisions easier and lives better. We operate primarily
as John Hancock in the United
States and Manulife elsewhere. We provide financial
advice, insurance, as well as wealth and asset management solutions
for individuals, groups and institutions. At the end of 2018, we
had more than 34,000 employees, over 82,000 agents, and thousands
of distribution partners, serving almost 28 million customers. As
of March 31, 2019, we had over
$1.1 trillion (US$849 billion) in assets under management and
administration, and in the previous 12 months we made $29.4 billion in payments to our customers. Our
principal operations in Asia,
Canada and the United States are where we have served
customers for more than 100 years. With our global headquarters in
Toronto, Canada, we trade as 'MFC'
on the Toronto, New York, and the Philippine stock exchanges
and under '945' in Hong Kong.
About Manulife Investment Management
Manulife
Investment Management is the global wealth and asset management
segment of Manulife Financial Corporation. We draw on more than 150
years of financial stewardship to partner with clients across our
institutional, retail, and retirement businesses globally. Our
specialist approach to money management includes the highly
differentiated strategies of our fixed-income, specialized equity,
multi-asset solutions, and private markets teams—along with access
to specialized, unaffiliated asset managers from around the world
through our multimanager model1,2. Our personalized,
data-driven approach to retirement is focused on delivering
financial wellness in retirement plans of all sizes to help plan
participants and members retire with dignity.
Headquartered in Toronto, we
operate as Manulife Investment Management throughout the world,
with the exception of the United
States, where the retail and retirement businesses operate
as John Hancock Investment Management and John Hancock,
respectively; and in Asia and
Canada, where the retirement
business operates as Manulife. Manulife Investment Management had
$837 billion in assets under
management and administration as of March
31, 20193. Not all offerings available in all
jurisdictions. For additional information, please visit our
website at manulifeinvestmentmgt.com.
1. Public Markets
strategies managed by Manulife Investment Management, formerly
known as Manulife Asset Management and John Hancock Asset
Management. Manulife Investment Management's Private Markets
platform offers long term solutions across private equity and
private credit, real estate equity and debt, infrastructure equity,
timberland and farmland
|
2. John Hancock
Investment Management's multimanager approach oversees a global
network of over 30 unaffiliated asset management firms, managing
more than 100 investment strategies, in addition to our affiliated
asset managers
|
3. Source: MFC
financials. Global Wealth and Asset Management AUMA at March 31,
2019 was $837 billion and includes $189 billion of assets managed
on behalf of other segments and $134 billion of assets under
administration
|
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SOURCE Manulife Financial Corporation