Mr Rich, who will be based in Toronto, will report to Mark Schmeer, chief investment officer of equities, asset allocation and research at MFC GIM.
He will be responsible for determining the appropriate percentage of assets held in various categories for many of MFC Global’s tactical asset allocation portfolios globally. He will also provide overall guidance in the construction of multi-asset class strategies. In addition, he will conduct investment research supporting other portfolio management teams.
Mr Rich worked previously for Harvard Management, which manages Harvard University’s endowment. He was a portfolio manager and director of research for foreign exchange. He also was a member of the portfolio committee which established the secular and cyclical outlook for the endowment’s assets. He also worked at Wellington Management, where he also served as foreign exchange team portfolio manager and director of foreign exchange research.
Mr Schmeer said: “Mr Rich has exceptionally strong experience both as an academic and a practitioner in the finance industry. As we continue to execute our growth strategy and further strengthen our global asset allocation capabilities, we are very pleased to have him join the MFC Global team.”
