ECE branch is good or bad

The Canadian financial services provider Manulife has signed the former Union investment man Christoph Schumacher. The Canadians' stated goal: growth with real assets. Also in Europe. ...

Schumacher takes over the newly created position of Global Head of Real Assets / Private Markets for Manulife Investment Management, Manulife's asset management arm. With this role, Manulife brings the real estate business together with other asset classes (infrastructure, forest, agriculture). All in all, assets under management total more than 42.9 billion US dollars.

It shouldn't stay that way. Manulife wants Schumacher's commitment to be understood as a sign of the literally growing importance of the Real Assets segment, to whom all heads of the subdivisions are now subordinate.

According to an announcement from the Canadian company headquartered in Toronto, Schumacher is moving from Zurich to Boston for his new job, where Manulife Investment Management is based. However, he has already taken over his duties with effect from May 17th.

Most recently, Schumacher worked for a major Swiss bank: he was Global Head of Real Estate and Managing Director at Credit Suisse Asset Management. He moved there from Union Investment Institutional Property in mid-2017, where he managed the business.

Meanwhile, Manulife Investment Management has obtained an AIFM license in Ireland. The asset manager is looking to European investors to whom it can offer its fund services, including those from Germany.