Tuesday, March 5, 2024

Manulife appoints BlackRock veteran as head of personal markets

Manulife has appointed BlackRock veteran Anne Valentine Andrews as world head of personal markets.

Valentine Andrews was beforehand managing director, world head of infrastructure and actual property at BlackRock, and likewise served on the corporate’s world working committee, human capital committee, and the fairness personal markets govt committee.

She has greater than 25 years expertise in asset administration and alternate options. Previous to BlackRock, she labored on Morgan Stanley’s infrastructure platform and at Macquarie Financial institution in each Melbourne and New York.

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At Manulife, she is going to lead all of the funding groups and direct the general personal markets technique throughout retail, institutional and retirement channels. She might be primarily based in New York and can report on to Paul Lorentz, president and chief govt of Manulife.

“We’re excited to welcome Anne to our agency given her experience and deep alternate options background,” mentioned Lorentz.

“We’re assured that her management will speed up the expansion of our personal markets platform and ship extra for our purchasers. Particular person and institutional buyers alike are demanding broader entry to non-public markets to strengthen their portfolios, discover various sources of alpha, and obtain their funding objectives.

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“We’re dedicated to the continued growth of our world personal markets platform to assist our purchasers pursue enticing alternatives for long-term returns.”

Manulife presently manages roughly $120bn (£94.96bn) of personal market belongings together with personal credit score.

“I’m delighted to hitch Manulife to steer personal markets globally,” added Valentine Andrews.

“The agency has over a century of sturdy historical past from its roots as an insurer and has a basis of world-class funding efficiency, danger administration, sustainability, and client-centricity.

“Manulife’s capability to handle various belongings for purchasers and inside its insurance coverage platform permits for extra scale that may create thrilling product growth initiatives and co-investment alternatives.

“I look ahead to working alongside the staff to proceed delivering for purchasers and to speed up the expansion this platform is uniquely poised to seize.”

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