The company has appointed Peter Kim as managing director, head of institutional sales, Korea, who joined the firm in July and reports to James Chen, head of institutional sales & relationship management, Asia.
Manulife Asset Management Asia president Michael Dommermuth said Korea is the second largest institutional asset management market in Asia, growing at 14% and forecast to reach KRW320 trillion by 2015.
The asset manager said that Kim will be based in Hong Kong and accountable for developing the business strategy in Korea for Manulife Asset Management.
James Chen says, "We have identified three major interest areas from institutional investors looking for enhanced portfolio diversification, namely China, alternative asset classes and income-oriented solutions.
We have compelling investment expertise in each of these areas amongst others, and with his business development experience in both traditional and alternative asset classes, Peter will play an important role in helping us address institutional needs in Korea."
Manulife Asset Management trades in the US, Canada, the UK, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines.
