Manulife Asset Management Taps Chene as Global Distribution Head

Jun 16 2015 | 2:19pm ET

Manulife Asset Management has named Claude Chene as global head of distribution effective at the end of the month.

Based in London, Chene will report to Kai Sotorp, president and CEO of Manulife Asset Management and Global Head of Wealth and Asset Management for Manulife. The position is new, according to a company statement.

Chene will join the firm's executive committee and be responsible for creating the distribution vision and strategy, as well as overseeing sales and relationship management activity for Manulife Asset Management on a global basis. 

We are delighted to welcome Claude to Manulife Asset Management," said Sotorp in the statement. "He brings tremendous experience and accomplishments to the role and will play an integral part in further establishing and enhancing our brand as a premier asset manager across global markets.”

Mr. Chene spent most of the last three years as global head of distribution for Ignis Asset Management in London, which was acquired by Standard Life last year. Prior to that, he was with Alliance Bernstein for thirteen years in a number of roles including CEO Europe and Head of Institutional Sales.  

Manulife Asset Management manages more than $300 billion as the global asset management arm of Manulife, a major Canada-based financial services group that operates as John Hancock in the U.S. and as Manulife in other parts of the world.  Total assets under management by Manulife were approximately $648 billion as at March 31, 2015.

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