Manulife Asset Management has named Peter Warnes as head of its international portfolio solutions group.
Warnes will be based in Hong Kong and he’ll work closely with asset allocation, international sales and relationship management executives to meet demand for solutions outside of North America.
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“Research suggests Asian households allocate more than 50% of their financial assets to bank deposits,” says Michael Dommermuth, president of international asset management at Manulife Asset Management. “With bank deposits providing negative real returns across most of the region, many investors see the potential for mixed-asset investment solutions [that] deliver attractive risk-adjusted returns.”
These will help them “build retirement savings [as well as] provide recurring income streams to supplement [retirement] household income…On the institutional side, we anticipate considerable demand…for tailored asset allocation solutions to support long-term liabilities.”
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In addition to his portfolio management responsibilities, Warnes will join the company’s Global Asset Allocation Committee.
Warnes was previously with JP Morgan Asset Management, where he worked in both Asia and London to help develop and manage global equity and global multi-asset investment portfolios. Previous to this he worked with Sun Alliance Investment Management in London and then Invesco Asset Management.