Manulife Asset Management has hired Michelle Ng as managing director and portfolio specialist responsible for asset allocation strategies. This is a newly created role.
Based in Hong Kong, Michelle reports locally to James Chen, Head of Institutional Business & Relationship Management, International, and functionally to Boston-based Jeffrey Santerre, Senior Managing Director and Global Head, Portfolio Specialist Team.
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Chen commented on the appointment: "I am delighted to welcome Michelle to Manulife Asset Management. She joins us at a time when rapid demographic shifts in Asia and developed western markets and the lingering impact of the global financial crisis are fundamentally changing the investment landscape, raising the need for new ways to structure portfolios to deliver potentially attractive returns with a desirable risk profile."
Chen explained: "We believe that multi-asset investment solutions will be key to meeting this challenge. Michelle will leverage her extensive investments advisory experience to communicate the advantages of solutions utilising a wide variety of domestic and offshore public and private assets. These solutions will be of interest to investors looking for absolute returns, wishing to receive a sustainable income stream or simply aiming to achieve higher returns than current bank rates."
Michelle has almost 15 years of professional experience, including eight years in the investments advisory industry and seven years as an actuarial analyst covering employee benefits. She joins Manulife Asset Management from Mercer Investments and perviously worked with Watson Wyatt Hong Kong, Mercer Human Resources Consulting and Watson Wyatt Australia.
Santerre commented: "We are seeing increased international interest in our firm’s Asian, US and global equity and fixed income capabilities. Members of the Portfolio Specialist team play a key role in bringing our competitive offerings in these asset classes to the market as we grow our institutional and retail client bases."
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By GlobalDataManulife Asset Management expanded its asset allocation coverage into the international market in 2012, when the global Portfolio Solutions Group (PSG) appointed a Head of Asset Allocation, Asia, based in the company’s Hong Kong office. The team was further expanded earlier this year. The addition of on-the-ground professionals in Asia has allowed the company to offer investors in the region a high degree of investment solution customisation and same-time-zone client support services.
The PSG manages over US$108 billion1 under a diverse array of multi-asset class strategies, including target-risk, target-date, alternative asset allocation and/or other customised strategies for institutional and other investors, including US$5 billion1 managed out of Asia.
In addition to meeting market demand for solutions with enhanced risk and return profiles in the current investment environment, Manulife Asset Management’s Aging Asia research series highlights the fact that multi-asset solutions are likely to see increasing demand from pension schemes interested in growing assets for their membership base while also providing a recurring income stream for retired members.
Manulife Asset Management has continued to gain traction among international investors in the asset allocation space, having secured several institutional multi-asset mandates and launched a dynamic asset allocation retail product in Taiwan in 2013.
