Manulife Asset Management (Manulife AM) has named Shirley Lam as new Asia head of wealth, affiliate wealth, and asset management.
In her newly created role, Lam will oversee the distribution activities of Manulife AM’s Asia wealth solutions through tied distribution channels, which include Manulife’s direct distribution network and an affiliated agency sales force of nearly 60,000, reported Asian Investor.
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Additionally, she will also manage the regional portfolio and investment advisory function, which provides distribution support and product training to Manulife’s sales agents.
Lam will report to Michael Dommermuth, executive vice-president and head of wealth and asset management for Asia. She will continue to serve her current role as head of North Asia business in addition to the new role.
The new hire follows the integration the firm’s wealth and asset management businesses in Asia, which has brought together institutional investment management and retail distribution.
Dommermuth told Asian Investor: "Through our in-house distribution affiliate, Shirley and her team will facilitate offering client’s multi-format wealth management solutions that span insurance-based wealth solutions, defined contribution pensions and mutual funds on platforms throughout the 10 territories in the region where we operate.
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By GlobalData"These include Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia and the Philippines as well as China through Manulife TEDA, its joint-venture asset management business."
Lam, who worked with Manulife for nearly a decade and served a primary shareholder representative for Manulife TEDA, previously worked with international investment banks, an accounting firm and a provincial pension board in Asia and Canada, where she managed custody business sales and held senior roles in global fund client-relationship management, new business development and accountancy.
