TORONTO, April 19, 2016 /CNW/ - Manulife Asset Management has appointed Roger Renaud as Global Chief Operating Officer, succeeding Barry Evans who will retire from Manulife Asset Management at the end of May. Mr. Renaud's appointment is effective on May 27, 2016.
Mr. Renaud will continue reporting to Kai Sotorp, President and CEO, Manulife Asset Management & EVP and Global Head of Wealth and Asset Management for Manulife. He will retain his responsibilities as President of Manulife Asset Management Canada and continue as a member of Manulife Asset Management's executive committee.
"Roger brings a wealth of experience and deep knowledge of global asset management best practices to this role," said Kai Sotorp.
"As we continue to expand our asset management franchise, his expertise will ensure we are well positioned for success," he noted. "Roger has successfully led the development and implementation of our asset management strategy and business in Canada, growing and expanding this important market while ensuring a seamless integration process, post-acquisition."
"We are delighted that Roger has accepted this position, and proud that he will operate in this expanded and global role from our base in Quebec," said Donald A. Guloien, President and Chief Executive Officer, Manulife. "Roger has a proven track record of strong leadership and driving growth, and his success highlights the senior-level talent and expertise Manulife gained as part of the Standard Life acquisition. I look forward to seeing Roger's continued contributions to our business across all of Canada and around the world."
In January of 2015, Mr. Renaud was named President of Manulife Asset Management Canada, following the close of Manulife's acquisition of the Canadian-based assets of Standard Life plc. He had been President of Standard Life Investments Inc. in Canada prior to the acquisition.
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 December 31, 2015, assets under management for Manulife Asset Management were approximately US$301 billion (GBP£204 billion, EUR€277 billion, C$417 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 Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States 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. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
Image with caption: "Roger Renaud, Manulife Asset Management. (CNW Group/Manulife Financial Corporation)". Image available at: http://photos.newswire.ca/images/download/20160419_C2534_PHOTO_EN_669744.jpg
For further information: Media contacts: Brian Carmichael, 617 663 4748, Brian_Carmichael@manulifeam.com; Beth McGoldrick, 617 663 4751, Beth_McGoldrick@manulifeam.com