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Manulife Mutual Funds announces manager departure Toronto - Manulife Mutual Funds (a division of Elliott & Page Limited) announced today that Timothy E. Keefe, Executive Vice President and Chief Equity Officer for MFC Global Investment Management (U.S.), LLC, has left the organization. Mr. Keefe led MFC Global’s seven-member Intrinsic Value Team, which was responsible for the management of the Manulife Global Opportunities Class, Manulife Global Real Estate Fund and Manulife Global Natural Resources Fund. His departure is effective immediately. The Manulife Global Opportunities Class, Manulife Global Real Estate Fund and Manulife Global Natural Resources Fund will continue to be managed by the remaining members of MFC Global’s Intrinsic Value Team, using the same investment strategy and processes that are currently being employed. The Team is supported by 48 analysts and investment professionals who average 19 years of investment experience. Management responsibilities for the Manulife Global Opportunities Class will be assumed by Mr. Timothy Malloy, Senior Vice President for MFC Global. Mr. Malloy is a member of the management team that has overseen this Fund since its inception. Mr. Malloy will be joined by Senior Vice President and Portfolio Manager, Roger Hamilton. Manulife Global Real Estate Fund will continue to be managed by Mr. Joseph Marguy, Portfolio Manager for MFC Global. Mr. Marguy is a member of the management team that has overseen this Fund since its inception. Mr. Marguy will be supported by the members of the Intrinsic Value Team. Manulife Global Natural Resources Fund will continue to be managed by Amine Benali, Portfolio Manager for MFC Global. Mr. Benali is a member of the management team that has overseen this Fund since its inception and will continue to be supported by the members of the Intrinsic Value Team. “We are very confident that our funds will continue to be managed by a highly talented management team,” said Doug Conick, Vice President of Investment Funds for Manulife Investments. “Tim Malloy, Joseph Marguy and Amine Benali are seasoned investment managers with over 36 years of investment experience between them. They have played an integral role in the success of these funds in the past. Our investors should rest assured that, going forward, these mandates will be managed with the same level of professionalism as they have been since their inception.” About Manulife Investments Manulife Investments is the brand name describing certain Canadian subsidiaries and operating divisions of Manulife Financial Corporation that offers personal wealth management products and services in Canada. As one of Canada's leading integrated financial services providers, Manulife Investments offers a variety of products and services including segregated funds, mutual funds, annuities, guaranteed interest contracts and principal-protected notes. About MFC Global Investment Management MFC Global Investment Management® is the brand name identifying the diversified investment management group of Manulife Financial, with investment offices in the United States, Canada, the United Kingdom, Japan, Hong Kong, and throughout Southeast Asia. With more than C$240 billion in assets under management as at December 31, 2007, MFC Global Investment Management® is a leading global investment management group. About Manulife Financial Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$396 billion (US$401 billion) as at December 31, 2007. Manulife Financial is one of two publicly traded life insurance companies in the world whose rated life insurance subsidiaries hold Standard & Poor’s Rating Services’ highest “AAA” rating. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. - 30 - Media contact: Tom Nunn Manulife Financial (519) 594-8578 tom_nunn@manulife.com |
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