Expands global equity capabilities with hiring of veteran portfolio
TORONTO, June 17, 2014 /CNW/ - Manulife Asset Management has expanded its global investment
capabilities by naming Craig Bethune, CFA, and Diana M. Racanelli, CFA, as Portfolio Managers on a new Global Natural Resources Equity
team. Both join from a large Canadian bank-owned asset management firm
and are based in Toronto, further strengthening Manulife Asset Management's Canadian-based
presence. Together, they co-lead the team and report to Christopher Conkey, Global Chief Investment Officer, Manulife Asset Management.
"We are pleased to welcome Craig and Diana to manage a global natural
resources strategy for our institutional clients and certain wealth
management businesses of Manulife and John Hancock, expanding our
investment capabilities and complementing our global footprint," said
Mr. Bethune served as a Portfolio Manager with his prior employer since
2008. Most recently he was the lead manager on the energy and resource
funds and co-manager on a Canadian equity fund with $3.0 billion in
assets. From 2002 to 2006 he was with the Ontario Municipal Employees
Retirement System as Portfolio Manager - Public Equity Group. Prior to
that, Mr. Bethune held analyst and research positions with Credit
Suisse Canada and other firms. Mr. Bethune holds an MBA from the
University of Toronto, and graduated from McGill University with a
Bachelor of Commerce Degree. He is a CFA® charterholder.
Ms. Racanelli most recently was a Vice President and Director with her
prior employer, where she served as lead manager of a precious metals
fund and was co-manager of resource and energy funds. From 2005 to 2007
she was with CIBC Global Asset Management as Vice President, Canadian
Equities and before that as Vice President, Global Equity Research,
from 2003 to 2005. She started her career in the industry on the
sell-side working for both Burns Fry Limited and Scotia Capital Markets
and was a Base Metals Mining Analyst before her move to AIC Limited on
the buy-side. Ms. Racanelli has an Honours B.A. in Economics and
English from the University of Toronto and is a CFA® charterholder.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife
Financial, providing comprehensive asset management solutions for
institutional investors and investment funds in key markets around the
world. This investment expertise extends across a broad range of public
and private asset classes, as well as asset allocation solutions. As at
March 31, 2014, assets under management for Manulife Asset Management
were C$298 billion (US$269 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
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 approximately C$635
billion (US$574 billion) as at March 31, 2014. The Company operates as
Manulife Financial in Canada and Asia and primarily as John Hancock in
the United States.
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, 617-663-4751, firstname.lastname@example.org