Manulife Funding Administration appoints Adrian Chen as Chief Wealth and Asset Administration China, Financial Information

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HONG KONG, March 5, 2021 / PRNewswire / – Manulife Funding Administration at present introduced the appointment of Adrian Chen as Head of Wealth and Asset Administration, China, which was efficient March 1, 2021. On this newly created function, Adrian will spearhead the continued development of the Firm’s wealth and asset administration enterprise by China specializing in three broad areas of alternative, together with home fund enterprise, the distribution of offshore options to Chinese language institutional and retail traders, in addition to the rising retirement market.

Paul Lorentz, President and CEO of International Wealth and Asset Administration, stated: “China is an especially essential marketplace for our world wealth and asset administration enterprise. Following the creation of our All-International Firm (WFOE) in 2017 and our funding in non-public fairness specialist Albamen final yr, we’ve strengthened our group by China. We’re effectively positioned to capitalize on market alternatives with our three way partnership fund home and wealth administration actions with our insurance coverage firm. “

Manulife Funding Administration operates with a big footprint in From China the wealth and asset administration trade. The corporate owns a 49% -owned three way partnership fund firm, Manulife TEDA Fund Administration Co. Ltd., based mostly in Beijing which contributes considerably to the mutual fund flows of our wealth and asset administration firm Asia. Manulife Funding (Shanghai) Restricted Firm, the WFOE of the corporate based mostly in Shanghai, homes its China Institutional gross sales group with a rising base of funding administration expertise.

Final yr, Manulife Funding Administration additionally acquired a stake in Albamen Capital Companions, a non-public fairness infrastructure funding supervisor specializing in renewables, knowledge facilities and different associated infrastructure property. to power in China. As well as, Manulife additionally operates a majority-owned three way partnership, Manulife-Sinochem Life Insurance coverage Co. Ltd., which was the primary foreign-owned life insurance coverage three way partnership to promote mutual funds in China.

To grab development alternatives within the China pension market, Manulife Funding Administration has partnered with the Agricultural Financial institution of China which has since change into a serious distributor of the corporate’s retail pension mutual funds managed by Manulife TEDA.

Commenting on the final assembly, Michael dommermuth, Chargeable for wealth and asset administration, Asia, stated: “We’re delighted that with the appointment of Adrian, we’re in the very best place to speed up our development program by China by synergizing our present capabilities within the retail, institutional and pension sectors in private and non-private asset lessons. “

With the upcoming implementation of the Wealth Administration Join program, the Larger Bay Space represents one other impending alternative with entry to a big base of financially achieved traders. Michael added, “Manulife Funding Administration has a strong observe file of managing property for traders on the lookout for cross-border alternatives. China fastened earnings and equities via our native fund home, QFII (Certified International Institutional Investor) quota, Bond Join and Inventory Join. We’re additionally one of many area’s largest traders in Asia bond methods, together with China is a crucial a part of these methods. “

As head of wealth and asset administration, China, Adrian will give attention to creating development synergies from our present footprint inside China. He’ll oversee the day-to-day operations of our WFOE and can work carefully with our Retirement Affairs group and the Manulife-Sinochem group to benefit from alternatives in From China pensions and retail wealth market

Adrian Chen, Chargeable for wealth and asset administration, China, stated: “I’m more than happy to hitch the Manulife Funding Administration group at this thrilling time of sturdy development. China market. I sit up for working carefully with our many entities China, and in addition by leveraging our sturdy world and Asian assets. “

Adrian can be based mostly at Shanghai and report back to Michael dommermuth. He joined Manulife Funding Administration after leaving UBS the place his final positions have been as Managing Director and authorized consultant of UBS Ruihua and UBS Asset Administration. Throughout his 13-year stint at UBS, Adrian was additionally liable for numerous completely different capabilities together with wealth administration, wholesale distribution, enterprise growth, amongst others. Adrian holds an MA in Economics and a BA in Economics from Fudan College.

About Manulife Funding Administration

Manulife Funding Administration is the worldwide wealth and asset administration enterprise of Manulife Monetary Company. We draw on greater than a century of monetary stewardship and all of our dad or mum firm’s assets to serve people, establishments and pension plan members all over the world. Primarily based at Toronto, our cutting-edge capacities in private and non-private markets are strengthened by an funding footprint that spans 17 international locations and territories. We complement these capabilities by offering entry to a community of unaffiliated asset managers from all over the world. We’re dedicated to investing responsibly in our enterprise. We develop progressive world frameworks for sustainable investing, we collaborate with firms in our fairness portfolios and preserve a excessive stage of stewardship after we personal and function property, and we imagine in supporting monetary well-being via our office pension plans. Immediately, plan sponsors all over the world depend on our pension administration and funding experience to assist their staff plan, save and expertise higher retirement. From December 31, 2020, Manulife Funding Administration had 966 billion Canadian {dollars} (US $ 758 billion) in property underneath administration and administration. Not all provides can be found in all jurisdictions. For extra info, please go to manulifeim.com.

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