Hong Kong - Manulife Asset Management (Hong Kong) Limited and Kotak Mahindra (UK) Limited have agreed to collaborate with respect to fund management and distribution opportunities in
Manulife is one of the world’s leading financial services organisations with a wide footprint and well-established businesses in
Upon completion of final agreements and subject to necessary regulatory approvals, Manulife’s investment management division, MFC Global Investment Management will have access to Kotak's investment expertise for the Indian portion of its Asia Pacific equity strategies.
Manulife plans to include Kotak-advised product on its open architecture platforms across the region.
Mr. Philip Hampden-Smith, Executive Vice President & General Manager, South East Asia Operations of Manulife, said: “Kotak is one of
Commenting on this development, Mr. C. Jayaram, Executive Director of Kotak Mahindra Bank said, “We are pleased to collaborate with Manulife a large and well respected financial institution with a strong presence across
Kotak has over USD10 billion in assets under management/advisory and has won numerous awards for their fund performance. One of their funds, Kotak Liquid, was rated 7-Star while three others were rated 5-Star at the ICRA 2009 Mutual Fund awards3. Kotak has a large team of 47 portfolio managers and 8 advisors covering a range of asset classes including equity, debt and alternatives. A team of 55 analysts cover more than 30 sectors in the Indian market.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients have looked 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 provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were Cdn$454 billion (US$428 billion) as at June 30, 2010. The Company operates as Manulife Financial in
About MFC Global Investment Management
MFC Global Investment Management® is the asset management division of Manulife Financial. MFC Global Investment Management’s diversified group of companies provides comprehensive asset management solutions for institutional investors, investment funds and individuals in key markets around the world. This investment expertise extends across a full range of asset classes including equity, fixed income and alternative investments such as oil and gas, real estate, timber, farmland, as well as asset allocation strategies
Kotak Mahindra group is one of
The group, with a net worth of 1.70 billion USD, has a distribution network of 1,800 branches, franchisees, representative offices and satellite offices across 350 cities and towns in India and offices in New York, California, London, Dubai, Bahrain, Mauritius and Singapore, servicing over 7 million customer accounts.
Notes to editors:
1 As at May 31, 2010
2 As at June 30, 2010
3 As at December 31, 2009. For rating methodology visit www.icraonline.com
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