Manulife has appointed BlackRock veteran Anne Valentine Andrews as world head of personal markets.

Valentine Andrews was beforehand managing director, world head of infrastructure and actual property at BlackRock, and in addition served on the corporate’s world working committee, human capital committee, and the fairness personal markets government committee.

She has greater than 25 years expertise in asset administration and options. Previous to BlackRock, she labored on Morgan Stanley’s infrastructure platform and at Macquarie Financial institution in each Melbourne and New York.

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At Manulife, she’s going to lead all of the funding groups and direct the general personal markets technique throughout retail, institutional and retirement channels. She will probably be primarily based in New York and can report on to Paul Lorentz, president and chief government of Manulife.

“We’re excited to welcome Anne to our agency given her experience and deep options background,” stated Lorentz.

“We’re assured that her management will speed up the expansion of our personal markets platform and ship extra for our purchasers. Particular person and institutional traders alike are demanding broader entry to non-public markets to strengthen their portfolios, discover numerous sources of alpha, and obtain their funding targets.

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“We’re dedicated to the continued growth of our world personal markets platform to assist our purchasers pursue enticing alternatives for long-term returns.”

Manulife at the moment manages roughly $120bn (£94.96bn) of personal market property together with personal credit score.

“I’m delighted to hitch Manulife to guide personal markets globally,” added Valentine Andrews.

“The agency has over a century of sturdy historical past from its roots as an insurer and has a basis of world-class funding efficiency, threat administration, sustainability, and client-centricity.

“Manulife’s capability to handle different property for purchasers and inside its insurance coverage platform permits for added scale that may create thrilling product improvement initiatives and co-investment alternatives.

“I sit up for working alongside the crew to proceed delivering for purchasers and to speed up the expansion this platform is uniquely poised to seize.”

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