Manulife said McCormick and Sanders, both senior managing directors and senior portfolio managers, will manage large cap value, large cap core, and all cap core strategies for external institutional clients and for certain wealth management businesses of John Hancock Financial and Manulife Financial.
In addition, Gary Mishuris, managing director and senior analyst; and Jonathan White, managing director and senior analyst, have been added to strengthen team’s investment expertise and continuity.
The team will report to Christopher Conkey, chief investment officer, Global Equities, Manulife Asset Management.
McCormick and Sanders will join Manulife from Wells Capital Management in Boston, where they managed large cap value and large cap core strategies.
McCormick most recently was a managing director and senior portfolio manager with the Berkeley Street Equity team at Wells Capital Management. He joined Wells Capital when it acquired Evergreen Investments, where he had served in a similar role since 2002.
Sanders most recently was a director, portfolio manager and senior equity analyst with the large cap equity research team at Wells Capital Management. He joined Wells Capital from Evergreen Investments.
Conkey said creation of this new team is a significant step in broadening our US value equity capabilities, with particular emphasis on the large cap space.
"In addition to managing several newly seeded funds, the team will also assume responsibility for managing certain funds on wealth management product platforms for John Hancock through our John Hancock Asset Management division, as well as management of pooled US large cap value and US large cap core strategies for Manulife Asset Management around the world," Conkey said.
