Manulife names head of China asset management
The Canadian institution's asset management arm has hired a senior executive to help develop its investment management business in the "must-win battlefield" of China.
Manulife Investment Management has appointed Ernest Yeung as its managing director for wealth and asset management in China, AsianInvestor can reveal.
In an internal memo seen by AsianInvestor, Manulife IM described China as a "must-win battlefield" for its wealth and asset management (WAM) business, with Yeung being appointed to help in "spearheading all facets of [Manulife IM's] WAM business in the market". This includes its institutional, retail and retirement business lines, a…
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