MFC Global Investment Management Wins Three New Equity Mandates
December 14 2009 - 1:25PM
PR Newswire (US)
- Scotiabank, NT Global Advisors and BP Canada Energy Select MFC
GIM To Manage Various Style Mandates - New Wins Total $234 Million
TORONTO, Dec. 14 /PRNewswire-FirstCall/ -- MFC Global Investment
Management ('MFC GIM'), recently was selected as investment adviser
for three new equity mandates, MFC GIM President & Chief
Executive Officer J-F Courville said today. -- Scotia Asset
Management L.P. awarded MFC GIM a $122 million mandate to manage
their Pinnacle Canadian Growth Equity Fund. The mandate will be
managed by the Canadian Large Cap Growth Equity team, led by Shauna
Sexsmith. -- NT Global Advisors, Inc., the Canadian multi-manager
investment division of Northern Trust, awarded MFC GIM a $33
million mandate to manage a portion of its Diversified Fund of
Canada Core Canadian Equity Fund. This mandate also will be managed
by the Canadian Large Cap Growth Equity team. -- BP Canada Energy
Company awarded MFC GIM a $79 million mandate to manage a U.S.
equity index strategy for its pension plan. The mandate will be
managed by the Index Equity team, led by Carson Jen. "We are very
pleased and honored to have been selected to manage equity mandates
for these outstanding companies. We are committed to providing them
and their clients with excellence in investment management and in
customer service," Mr. Courville said. He noted that MFC GIM in
2009 secured approximately $6 billion in new assets from
institutional clients -- despite one of the worst economic
downturns in decades. "With investment teams delivering strong
performance, and sales and client service teams working closely
with clients to meet their needs, we had an excellent 2009," Mr.
Courville said. "Entering 2010 with solid momentum, we are further
strengthening our asset management and client service capabilities
to meet or exceed the performance and service expectations of our
clients." About Scotiabank Scotia Asset Management L.P. is
wholly-owned, directly and indirectly, by The Bank of Nova Scotia.
Scotiabank is one of North America's premier financial institutions
and Canada's most international bank. With close to 69,000
employees, Scotiabank Group and its affiliates serve approximately
12.8 million customers in some 50 countries around the world.
Scotiabank offers a diverse range of products and services
including personal, commercial, corporate and investment banking.
With more than $485 billion in assets (as at July 31, 2009),
Scotiabank trades on the Toronto (BNS) and New York Exchanges
(BNS). For more information please visit
http://www.scotiabank.com/. About NT Global Advisors NT Global
Advisors, Inc. (Toronto) is a subsidiary of Northern Trust Global
Advisors and Northern Trust Corporation (NASDAQ:NTRS), a leading
provider of investment management, asset and fund administration,
banking solutions and fiduciary services for corporations,
institutions and affluent individuals worldwide. As of September
30, 2009, Northern Trust had assets under custody of US$3.6
trillion, and assets under investment management of US$611 billion.
About BP Canada Energy Company BP Canada Energy Company explores
for, develops, produces and processes natural gas. They also market
natural gas and natural gas liquids (NGL). Through their Western
Canadian facilities, they produce over 300 million cubic feet of
natural gas and trade over 130,000 barrels of NGL each day.
Headquartered in Calgary, Alberta, its businesses employ nearly
1,500 employees. They are active in four provinces and the
Northwest Territories, while their marketing and trading activities
span the nation and expand into the US. 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. MFC Global Investment Management has
investment offices in the United States, Canada, the United
Kingdom, Japan, Hong Kong, and throughout Asia. As at October 31,
2009, assets under management for institutional clients were
approximately Cdn$108 billion. MFC Global Investment Management®,
Manulife and the block design are trademarks of The Manufacturers
Life Insurance Company and are used by it and its affiliates
including Manulife Financial Corporation. About Manulife Financial
Manulife Financial is a leading Canadian-based financial services
group serving millions of customers in 22 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$436.5 billion
(US$407.1 billion) as at September 30, 2009. Manulife Financial
Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under
'945' on the SEHK. Manulife Financial can be found on the Internet
at http://www.manulife.com/ . DATASOURCE: MFC Global Investment
Management CONTACT: Brian Carmichael, +1-617-663-4748, , for MFC
Global Investment Management Web Site: http://www.manulife.com/
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