Manulife Asset Management Private Markets Names Michael J. McNamara as Global Head of Real Estate Investments
TORONTO and BOSTON, Oct. 2, 2014 /PRNewswire/ -- Manulife Asset Management Private Markets, the private asset management arm of Manulife (TSX, NYSE: MFC), today announced that Michael J. McNamara has been named Senior Managing Director and Global Head of Real Estate Investments. Based in New York City, Mr. McNamara reports to Kevin J. E. Adolphe, President & CEO of Manulife Asset Management Private Markets and Manulife Real Estate. The appointment was effective September 29.
In his role at Manulife, Mr. McNamara is responsible for the development and execution of the company's global real estate investment strategy, with a combined focus on institutional investor accounts as well as Manulife's general fund.
"Michael brings 34 years of experience in commercial real estate investments to our team," said Mr. Adolphe. "His depth of expertise will be invaluable as we look to grow our institutional investor platform globally."
"Michael is well known and respected in the real estate industry. Having him join our team will enable us to develop strong client relationships, further developing Manulife Real Estate's profile as a world class real estate investment management firm," added Mr. Adolphe.
For the past two years, Mr. McNamara was with Brookfield Office Properties in New York as Senior Vice President and Head of Acquisitions and Dispositions. Prior to his role at Brookfield, Mr. McNamara was Managing Director and Head of Acquisitions, Dispositions and Research at Trecap Partners. He also was with Lehman Brothers Holdings as Managing Director and Head of North American Acquisitions from 2000 to 2009, and before that spent 20 years in senior roles with Equitable Real Estate and its successor company, Lend Lease Real Estate Investment Management.
Manulife Real Estate, operating as John Hancock Real Estate in the U.S., is a unit of Manulife Asset Management Private Markets, with fully integrated in-house real estate capabilities and 70 years of experience as an active investor, owner, developer and asset manager of commercial real estate.
About Manulife Asset Management Private Markets
Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, renewable energy, oil and gas, private equity and mezzanine debt. Manulife Asset Management Private Markets also partners with Manulife's specialized private asset investment teams to invest in private placement debt and commercial mortgages. Hancock Natural Resources Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at June 30, 2014, Manulife's assets under management in private asset classes were C$75 billion (US$70 billion), including assets managed by and for Manulife's general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets.
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at June 30, 2014, assets under management for Manulife Asset Management were approximately C$300 billion (US$281 billion). Additional information about Manulife Asset Management may be found at ManulifeAM.com.
About Manulife
Manulife is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. Clients look to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We also provide asset management services to institutional customers. Funds under management by Manulife and its subsidiaries were approximately C$637 billion (US$597 billion) as at June 30, 2014. We operate as John Hancock in the U.S. and as Manulife in other parts of the world.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
SOURCE Manulife Asset Management
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