Manulife Investment Management Names Anne Valentine Andrews as Global Head of Private Markets
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Insights
The appointment of Anne Valentine Andrews as Global Head of Private Markets at Manulife Investment Management (Manulife IM) represents a strategic move in the asset management industry. With her extensive experience in alternatives and asset management, including her tenure at BlackRock, her leadership is expected to drive significant growth in Manulife IM's private markets platform. This platform includes investments in private equity, private credit, infrastructure, real estate, timberland and agriculture.
Given the increasing demand for private market access from both individual and institutional investors, this move could enhance Manulife IM's competitive position. Private markets are often sought after for their potential to provide diverse sources of alpha—performance exceeding market benchmarks—which can lead to stronger portfolio performance. The expertise Ms. Valentine Andrews brings in infrastructure and real estate investment could particularly benefit Manulife IM's product innovation and development across various channels.
From a market research perspective, this appointment may be seen as a response to evolving investor preferences and the need for asset managers to differentiate their offerings. The impact on Manulife IM's business could be multifaceted, potentially leading to increased assets under management (AUM) and a more robust product suite capable of attracting a broader range of investors.
The financial implications of Anne Valentine Andrews joining Manulife IM as Global Head of Private Markets could be substantial. Manulife IM manages approximately $120 billion USD in private markets assets and the firm's position as the world's largest natural capital investment manager underlines the significance of its private markets strategy. Ms. Valentine Andrews' successful track record at BlackRock, where she contributed to its growth as a top infrastructure and real estate manager, suggests potential for similar outcomes at Manulife IM.
Investors and stakeholders should monitor the firm's AUM growth and performance in private market investments following her appointment. The ability to innovate in product offerings and co-investment opportunities, as mentioned by Ms. Valentine Andrews, could lead to differentiated investment vehicles that may attract additional capital inflows. In the long term, her impact on business development and growth could positively affect Manulife IM's market share and financial performance, which in turn could influence investor sentiment and the valuation of Manulife's stock.
However, it is essential to consider the integration of her leadership style and vision with Manulife IM's existing culture and strategy. The success of this high-profile appointment will depend on the effective execution of growth initiatives and the ability to capitalize on the firm's existing strengths.
The role of Anne Valentine Andrews as Global Head of Private Markets at Manulife Investment Management is particularly relevant from a sustainability perspective. Her appointment comes at a time when the importance of sustainable investing is escalating among investors. Manulife IM's recognition as the world's largest natural capital investment manager indicates a strong commitment to integrating environmental considerations into its investment strategy.
With Ms. Valentine Andrews' background and Manulife IM's existing sustainability framework, there is potential for further advancement in ESG (Environmental, Social and Governance) practices within the firm's private market investments. This could include increased investment in infrastructure and real estate projects that align with sustainability goals, such as renewable energy and green building initiatives.
For stakeholders, the long-term benefits of such an approach could be twofold: the potential for enhanced returns through investments in sustainable projects that may benefit from regulatory support and consumer preference trends and the alignment with broader societal objectives regarding environmental stewardship and climate change mitigation. The challenge will be to balance these sustainability goals with the financial objectives of Manulife IM's clients and investors, ensuring that ESG integration contributes positively to overall investment performance.
Global asset management and alternatives investing leader to join world's largest natural capital investment manager March 4
With more than 25 years of asset management and alternatives experience, Ms. Valentine Andrews will lead all investment teams and direct the overall strategy, business development and growth of Manulife IM's private markets business. She and her team will also work closely with the firm's global product group and the business leads to drive private market product innovation across the Institutional, Retail and Retirement channels. Based in
"We are excited to welcome Anne to our firm given her expertise and deep alternatives background," said Mr. Lorentz. "We are confident that her leadership will accelerate the growth of our private markets platform and deliver more for our clients. Individual and institutional investors alike are demanding broader access to private markets to strengthen their portfolios, find diverse sources of alpha, and achieve their investment goals. We're committed to the continued expansion of our global private markets platform to help our clients pursue attractive opportunities for long-term returns."
Ms. Valentine Andrews joins Manulife IM from BlackRock, where she spent the past nine years, most recently serving as Managing Director, Global Head of Infrastructure and Real Estate. Under her leadership, BlackRock became a top 10 infrastructure manager and top 50 real estate manager by AUM. At BlackRock, Ms. Valentine Andrews served on its Global Operating Committee, Human Capital Committee, and the Equity Private Markets Executive Committee. Prior to BlackRock, she was Co-Head and Chief Operating Officer for the Morgan Stanley Infrastructure platform and worked at Macquarie Bank in both
"I'm delighted to join Manulife Investment Management to lead private markets globally," said Ms. Valentine Andrews. "The firm has over a century of strong history from its roots as an insurer and has a foundation of world-class investment performance, risk management, sustainability, and client-centricity. Manulife IM's ability to manage alternative assets for clients and within its insurance platform allows for additional scale that can create exciting product development initiatives and co-investment opportunities. I look forward to working alongside the team to continue delivering for clients and to accelerate the growth this platform is uniquely poised to capture."
Manulife IM and its general account currently manage approximately
Manulife Investment Management is the brand for the global wealth and asset management segment of Manulife Financial Corporation. Our mission is to make decisions easier and lives better by empowering investors for a better tomorrow. Serving more than 17 million individuals, institutions, and retirement plan members, we believe our global reach, complementary businesses, and the strength of our parent company position us to help investors capitalize on today's emerging global trends. We provide our clients access to public and private investment solutions across equities, fixed income, multi-asset, alternative, and sustainability-linked strategies, such as natural capital, to help them make more informed financial decisions and achieve their investment objectives. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
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1 As of Sept. 30, 2023. |
2 IPE research as of 1/29/2024. Ranking is based on total Natural Capital AUM, which includes forestry/timberland and agriculture/farmland AUM. Firms were asked to provide AUM and the as of dates vary from 12/31/2022 – 12/31/2023. |
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SOURCE Manulife Investment Management
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