TORONTO, Dec. 15, 2015 /CNW/ - Manulife Asset Management announced today
that the assets it manages in Canada* have surpassed C$100 billion,
reaching C$109.5 billion at the end of September. This represents a 58
per cent increase in Canadian assets under management since September
"Together with our Manulife affiliates, we extend our thanks to our
clients for their continued trust and patronage," said Warren Thomson,
Chairman, Manulife Asset Management. "Our rapid growth of assets in the
last year alone reflects their confidence in us and has driven the
dynamic growth of our Canadian business."
"We are pleased with the growth we are seeing in the Canadian business,
given that it is a core market for us and that the growth is coming
from both institutional and retail clients," said Kai Sotorp, President
& CEO, Manulife Asset Management. "This is an historic milestone we
celebrate today and for which we thank our clients in Canada and around
"Our firm's recent acquisition of Standard Life Investments Canada, as
well as organic growth driven by our institutional and affiliates
sales, all contributed to reaching this exciting milestone," said Roger
Renaud, President, Canada, Manulife Asset Management.
The firm manages a wide range of public and private Canadian asset
classes, including public equity, fixed income, asset allocation,
liability driven investing, private placement debt, commercial mortgage
loans, real estate, farmland and timberland.
*Where the assets are managed, not the location of the clients for whom
they are managed.
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 September 30, 2015, assets under management for
Manulife Asset Management were approximately C$393 billion (US$294
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 2014, we had 28,000 employees, 58,000
agents, and thousands of distribution partners, serving 20 million
customers. At the end of September 2015, we had $888 billion (US$663
billion) in assets under management and administration, and in the
previous 12 months we made more than $23 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 Asset Management
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