Manulife Asset Management has hired Peter Warnes for its asset allocation investment capability as head of the portfolio solutions group, a newly created role.
Warnes (pictured) joins from JP Morgan Asset Management, where he worked in both the Asia and London offices developing and managing global equity and global multi-asset investment portfolios. The 20-strong team manages $119 billion (€88.9 billion) of assets.
Based in Hong Kong, Warnes will work closely with his asset allocation and international sales and relationship management colleagues to meet the increasing demand for asset allocation solutions outside of North America, Manulife says.
In addition to his portfolio management responsibilities, Warnes will also set the strategic direction for Manulife Asset Management's international business.
Michael Dommermuth, president, international asset management, Manulife Asset Management, says: "Demand for asset allocation investment solutions is growing remarkably across Asia as constituent populations are aging rapidly and responsibility for retirement income security is increasingly shifting from the state to individuals."
©2014 funds europe