Manulife Asset Management announces that it has appointed Nurdiaz ‘Alvin’ Pattisahusiwa as Chief Investment Officer (CIO) for its Indonesian business, PT. Manulife Aset Manajemen Indonesia (MAMI). The appointment is effective immediately.
Based in Jakarta, Alvin oversees a team of 12 equity and fixed income professionals, together managing more than US$3.3 billion in assets under management. He reports to Legowo Kusumonegoro, President Director of MAMI. Alvin also forms a key part of Manulife Asset Management’s pan-Asian investment team which manages approximately US$46 billion of assets.
Alvin is an investment veteran with more than 15 years’ experience in the Indonesian asset management industry. He joins PT. Manulife Aset Managemen from PT. BNP Paribas Investment Partners where he was Head of Equities and a member of their Board of Directors.
Commenting on the appointment, Legowo Kusumonegoro said: “Alvin joins us at an important time in our company’s development. Our business has grown in leaps and bounds over the last five years and we now rank as the second largest asset manager in Indonesia in terms of assets under management. As we look ahead to continued strong growth in the next five years and beyond, Alvin will play a key role in driving forward our award winning equity and fixed income investment performance for our institutional and retail clients.”
Summing up the importance of Indonesia to Manulife Asset Management’s overall growth plans in Asia, Michael Dommermuth, the company’s President of Asia said: “Indonesia is a central part of our Asian growth story. With a doubling of the country’s GDP expected over the next five years and the recent upgrade to investment grade status of its sovereign debt, the future looks bright for Indonesia. Alvin’s appointment marks another step forward for our well-established Indonesian operations as we continue to position ourselves to capitalize on the business and investment opportunities in this dynamic and exciting market.”
About Manulife Asset Management
Manulife Asset Management is the global asset management arm of Manulife Financial. Manulife Asset Management provides comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. Manulife Asset Management also provides investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.
Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. John Hancock Asset Management, Hancock Natural Resource Group and Declaration Management and Research are units of Manulife Asset Management.
As at September 30, 2011, assets under management were Cdn$207 billion (US$199 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group with principal operations in Asia, Canada and the United States. In 2012, we celebrate 125 years of providing clients 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 also provide asset management services to institutional customers. Funds under management by Manulife Financial and its subsidiaries were C$500 billion (US$491 billion) as at December 31, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.
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 manulife.com.
Manulife Asset Management Asia
Tel: +852 2510 3766