Expands global equity capabilities with seasoned portfolio managers
Follows series of acquisitions in International Value, U.S. Core/Value,
U.S. Large Cap Growth and Canadian Core Equity Managers over the past
BOSTON, March 20, 2013 /CNW/ - Manulife Asset Management has expanded
its global equity capabilities by naming Paul Boyne and Doug McGraw to
lead a new team managing a global equity strategy for institutional
clients and certain wealth management businesses of Manulife Financial
and John Hancock. They will report to Christopher Conkey, Chief Equity
Investment Officer of Manulife Asset Management.
"Paul and Doug expand and strengthen Manulife Asset Management's
investment capabilities and complement our global footprint. Their
fundamentally-oriented investment process and diligent risk management
practices represent a strong cultural fit with our expanding equity
investment franchise," said Mr. Conkey.
Both Mr. Boyne and Mr. McGraw will be Senior Portfolio Managers. Most
recently, since 2008, they served as senior fund managers for a global
equity team at Invesco Perpetual in the United Kingdom. Their approach
to Global Equity employs an unconstrained bottom-up stock selection
process based on disciplined fundamental research, with the aim to
create a diversified portfolio of quality global stocks that
demonstrate compelling value and generate sustainable cash flows.
This approach has led to proven performance results. In Q3 2012,
eVestment ranked the global equity strategy headed by Mr. Boyne and Mr.
McGraw in the top decile over the last two and three years when
evaluated in the Global All Cap Core universe. Additionally, in the
Morningstar Europe OE Global Large-Cap Blend Equity Category as of the
Q3 2012, the strategy ranked in the top quartile over the one year and
top one percent in the two and three year time periods.
Prior to Invesco, Mr. Boyne was Deputy Chief Investment Officer and Head
of Global Equities at the Bank of Ireland, conducting portfolio
oversight across all regions. Before this, he spent 12 years at Morgan
Stanley Investment Management, becoming Managing Director and senior
portfolio manager for global value equity; his career also included six
years as an accountant with Grant Thornton International. Mr. Boyne
holds a postgraduate (MBS) Diploma from Michael Smurfit Graduate School
of Business, University College, Dublin and is a Fellow of the
Association of Chartered Accountants.
Mr. McGraw was previously an Executive Director and portfolio manager
for global value equity at Morgan Stanley Investment Management. He
holds a B.S. in Finance from Miami University and an M.B.A. from the
University of Notre Dame.
The creation of Manulife Asset Management's new Global Equity team
follows a series of recent additions of investment managers. Most
recently a Canadian Core Equity team was launched by Monika Skiba, CFA
in October 2011. In July 2011, a group of investment management
professionals led by W. Shannon Reid, CFA, added U.S. Large Cap Growth
capabilities. In February 2011, the former Optique Capital team led by
Wendell L. Perkins, CFA, joined to deepen the firm's International
Value Equity capabilities. In January 2011, veteran investment managers
Walter T. McCormick, CFA, and Emory W. (Sandy) Sanders, Jr., CFA,
joined Manulife Asset Management to lead a new U.S. Core Value Equity
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife
Financial. Manulife Asset Management provides comprehensive asset
management solutions for institutional investors and investment funds
in key markets around the world. Manulife Asset Management also
provides investment management services to affiliates' retail clients
through product offerings of Manulife and John Hancock. This investment
expertise extends across a broad range of asset classes including
equity, fixed income and alternative investments such as real estate,
timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities
in the United States, Canada, the United Kingdom, Japan, Hong Kong,
Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the
Philippines. In addition, it has a joint venture asset management
business in China, Manulife TEDA. It also has operations in Australia,
New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock
Natural Resource Group and Declaration Management and Research are
units of Manulife Asset Management. As at December 31, 2012, assets
under management were C$237.6 billion. Additional information about
Manulife Asset Management can be found at ManulifeAM.com.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most significant financial
decisions. Our international network of employees, agents and
distribution partners offers financial protection and wealth management
products and services to millions of clients. We also provide asset
management services to institutional customers. Funds under management
by Manulife Financial and its subsidiaries were C$532 billion (US$535
billion) as at December 31, 2012. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
SOURCE: Manulife Asset Management
For further information:
Beth McGoldrick, +1-617-663-4751, firstname.lastname@example.org