Manulife has appointed BlackRock veteran Anne Valentine Andrews as world head of personal markets.

Valentine Andrews was beforehand managing director, world head of infrastructure and actual property at BlackRock, and likewise served on the corporate’s world working committee, human capital committee, and the fairness non-public markets govt committee.

She has greater than 25 years expertise in asset administration and options. Previous to BlackRock, she labored on Morgan Stanley’s infrastructure platform and at Macquarie Financial institution in each Melbourne and New York.

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At Manulife, she’s going to lead all of the funding groups and direct the general non-public markets technique throughout retail, institutional and retirement channels. She shall be based mostly in New York and can report on to Paul Lorentz, president and chief govt of Manulife.

“We’re excited to welcome Anne to our agency given her experience and deep options background,” mentioned Lorentz.

“We’re assured that her management will speed up the expansion of our non-public markets platform and ship extra for our purchasers. Particular person and institutional traders alike are demanding broader entry to non-public markets to strengthen their portfolios, discover numerous sources of alpha, and obtain their funding objectives.

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“We’re dedicated to the continued enlargement of our world non-public markets platform to assist our purchasers pursue engaging alternatives for long-term returns.”

Manulife presently manages roughly $120bn (£94.96bn) of personal market property together with non-public credit score.

“I’m delighted to affix Manulife to steer non-public markets globally,” added Valentine Andrews.

“The agency has over a century of robust historical past from its roots as an insurer and has a basis of world-class funding efficiency, danger administration, sustainability, and client-centricity.

“Manulife’s capacity to handle different property for purchasers and inside its insurance coverage platform permits for extra scale that may create thrilling product improvement initiatives and co-investment alternatives.

“I sit up for working alongside the workforce to proceed delivering for purchasers and to speed up the expansion this platform is uniquely poised to seize.”

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