BOSTON and TORONTO, June 25, 2015 /CNW/ -- Manulife Asset Management said today that Michael Reid has been promoted to a newly created role of Senior Strategist, Pension Solutions, within the firm's Investment Solutions Team, effective June 15. In this position, Mr. Reid is responsible for working directly with Canadian plan sponsors to develop custom investment and risk management strategies. Based in Toronto, Mr. Reid reports to Eric Menzer, Global Head of Pension and Risk Management Solutions.
"We are delighted to welcome Michael to the group where we are confident he will be a key player in helping grow our institutional business within a solutions-based framework. We believe Michael's background and understanding of the Canadian pension landscape will be of great value to plan sponsor clients who may be considering a De-Risking, Liability Driven Investing or Outsourced CIO solution," said Mr. Menzer.
Manulife Asset Management's Investment Solutions Team is responsible for delivering investment advisory and fiduciary management services for individual and institutional investors globally. This highly experienced team is focused on building custom investment solutions and providing delegated services including Liability Driven Investing and Outsourced CIO offerings. The team is also responsible for Manulife's internal defined benefit pension plans in both the U.S and Canada.
"As an organization we understand the importance of providing investment solutions that meet the unique needs of each client," said Emmanuel Matte, Head of Global Investment Solutions. "This newly created position further demonstrates our commitment to providing sophisticated investment strategies aligned with high quality client service."
Mr. Reid is a trained actuary with more than 14 years of experience. Most recently he headed up Manulife's Global Pension group where he was responsible for all governance oversight of Manulife's own Defined Benefit and Defined Contribution plans. Before joining the company, he worked for Mercer and Towers Perrin in various consulting roles. He is a graduate of the University of Western Ontario with an Honors Bachelor's degree in Statistics and Actuarial Science, and is a member of the Canadian Institute of Actuaries.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at March 31, 2015, assets under management for Manulife Asset Management were approximately C$383 billion (US$302 billion).
Manulife Asset Management's public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates' retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management.
Additional information about Manulife Asset Management may be found at ManulifeAM.com.
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. We operate as John Hancock in the U.S. and as Manulife in other parts of the world. We provide strong, reliable, trustworthy and forward-thinking solutions for our customers' 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. Assets under management by Manulife and its subsidiaries were approximately C$821 billion (US$648 billion) as at March 31, 2015.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com
SOURCE Manulife Asset Management
For further information: BETH MCGOLDRICK, 617-663-4751, Beth_mcgoldrick@manulifeam.com