- Expands U.S. Equity Capabilities With Veteran Hires To Boston-Based
- Added Capabilities Bolster Manulife Asset Management And John Hancock
Asset Management Offerings
BOSTON, Jan. 12, 2011 /CNW/ -- Manulife Asset Management has expanded its capabilities in U.S. large cap value investing by naming Walter T. McCormick, CFA, and Emory W. (Sandy) Sanders, Jr., CFA, to lead a new Boston-based Core Value Equity team.
Mr. McCormick and Mr. Sanders, both Senior Managing Directors and Senior Portfolio Managers, will manage large cap value, large cap core, and all cap core strategies for external institutional clients and for certain wealth management businesses of John Hancock Financial and Manulife Financial. The team's investment expertise and continuity will be strengthened by two additional hires: Gary Mishuris, CFA, Managing Director and Senior Analyst; and Jonathan White, CFA, Managing Director and Senior Analyst. The team will report to Christopher Conkey, CFA, Chief Investment Officer, Global Equities, Manulife Asset Management.
"Creation of this new team is a significant step in broadening our U.S. value equity capabilities, with particular emphasis on the large cap space," Mr. Conkey said. "In addition to managing several newly seeded funds, the team will also assume responsibility for managing certain funds on wealth management product platforms for John Hancock through our John Hancock Asset Management division, as well as management of pooled U.S. large cap value and U.S. large cap core strategies for Manulife Asset Management around the world."
J-F Courville, President and CEO of Manulife Asset Management, said, "We welcome Walter, Sandy, Gary and Jonathan to Manulife Asset Management, and look forward to adding their depth of investment experience and knowledge to our strong and focused portfolio management team for the benefit of our clients."
Mr. McCormick and Mr. Sanders join Manulife Asset Management from Wells Capital Management in Boston, where they managed large cap value and large cap core strategies. Their team employs a fundamentally-oriented investment process marked by a rigorous analytical approach which seeks to identify differentiated companies with sustainable competitive advantages, superior cash flow generation capabilities and attractive valuations. Their process seeks investment opportunities over relatively long-time horizons.
Mr. McCormick most recently was a Managing Director and Senior Portfolio Manager with the Berkeley Street Equity team at Wells Capital Management. He joined Wells Capital when it acquired Evergreen Investments, where he had served in a similar role since 2002. Earlier, he served as head of the Large Cap Core Growth team at Keystone Investments, which was subsequently merged into Evergreen Investments, and head of the Large Cap Value team at David L. Babson & Co. He began his investment industry career in 1970. Mr. McCormick earned a bachelor's degree from Providence College, an MBA from Rutgers University, and is a holder of the Chartered Financial Analyst designation.
Mr. Sanders most recently was a Director, Portfolio Manager and Senior Equity Analyst with the Large Cap equity research team at Wells Capital Management. He joined Wells Capital from Evergreen Investments, where he had served in a similar role since beginning his investment management career in 1997. He is a graduate of the University of Vermont, and holds the Chartered Financial Analyst designation.
About Manulife Asset Management
Manulife Asset Management(TM) is the global asset management arm of Manulife Financial. Manulife Asset Management and its affiliates provide 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 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. As at September 30, 2010, assets under management for institutional clients were Cdn$121 billion (US$118 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com. Prior to December 15, 2010, Manulife Asset Management was known as MFC Global Investment Management.
John Hancock Asset Management is a division of Manulife Asset Management that provides investment management services related to John Hancock products sold in the United States.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked 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 around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $474 billion (US$460 billion) as at September 30, 2010. 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 www.manulife.com.
SOURCE Manulife Asset Management
For further information: Beth McGoldrick, +1-617-663-4751, firstname.lastname@example.org Web Site: http://www.manulife.com