The deal provides both firms expanded distribution reach and addresses product gaps, Manulife said in an email. It \u201csupports the expansion of its product platform across public and private markets, and the retail, institutional, retirement and wealth businesses to bring a more comprehensive and competitive offering to all markets where it currently operates.\u201d<\/p>\n
The agreement takes advantage of Manulife WAM\u2019s distribution channels in North America and Asia and L&G\u2019s global presence in asset management, annuities and reinsurance. It includes asset classes in public and private markets like alternative credit, fixed income, real estate and ETFs. Together, the firms will serve clients in Europe, Asia, Bermuda, Canada and the U.S.<\/p>\n
\u201cWe leverage our complementary strengths: our Canadian, U.S. and Asian asset management capabilities, along with breadth in distribution channels in North America and Asia, with L&G\u2019s distribution capabilities and strength in global asset management,\u201d Paul Lorentz, CEO of Manulife WAM, said in a statement. \u201cThis strategic partnership will \u2026 bring a more comprehensive and competitive offering to all markets where we currently operate.\u201d<\/p>\n
The asset management firms will announce specific investment product collaboration at a later date, Manulife said.<\/p>\n","protected":false},"excerpt":{"rendered":"The deal provides both firms expanded distribution reach and addresses product gaps, Manulife said in an email. It…\n","protected":false},"author":2,"featured_media":563615,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[45,49,48,133,131,132],"class_list":["post-563614","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-ca","tag-canada","tag-finance","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/563614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=563614"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/563614\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/563615"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=563614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=563614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=563614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}