Manulife Investment Management announced that it has rebranded its wholly-owned fund management company (FMC) in China to Manulife Fund Management from Manulife TEDA Fund Management.
The brand name became effective following the completion of registration with the relevant authorities in China.
“The launch of the Manulife Fund Management brand in China marks an important milestone for us in one of the fastest growing wealth and asset management markets in the world,” said Paul Lorentz, president and CEO of Manulife Investment Management.
“We believe that combining the best local talent with our global best practices, investment and research capabilities further strengthens our position as we strive to provide the best investment solutions to meet the needs of investors in China.”
This came after it received approval from the Chinese regulators to take full control over its fund management joint venture with TEDA Investment Holding in November last year.
The investment manager has since then named Xu Jin as the chairwoman of Manulife’s wealth and asset management business in China.
The company has also hired an interim general manager, chief technology officer, head of asset allocation and head of equity for its FMC.
It is also expected to announce more appointments in the coming few months.
