Manulife Asset Management has obtained a cross-border investment advisory license in Korea and has hired Peter Kim, managing director, head of institutional sales, Korea, to bring forth the company’s global expertise in traditional and alternative asset classes to institutions in the country.
Michael Dommermuth, president of Manulife Asset Management Asia, says, “Korea is the second largest institutional asset management market in Asia…
“We are seeing considerable interest from institutional investors to step up portfolio diversification and outsource their investments through the appointment of investment managers or advisors.”
Based in Hong Kong, Kim started with the company in July. In this role, he is responsible for developing the business strategy in Korea for Manulife Asset Management.