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Manulife Asset Management has announced the expansion of its asset allocation investment capability with the appointment of Peter Warnes as international head of its portfolio solutions group (PSG).

He will be based in Hong Kong.

Warnes was previously with JP Morgan Asset Management, where he worked in both the Asia and London offices developing and managing global equity and global multi-asset investment portfolios.

“Demand for asset allocation investment solutions is growing remarkably across Asia as constituent populations are aging rapidly and responsibility for retirement income security is increasingly shifting from the state to individuals,” says Michael Dommermuth, president of international asset management at Manulife Asset Management.

Since establishing an Asian presence for PSG two years ago, Manulife Asset Management has built up more than US$5.9 billion in asset allocation assets under management for clients, which include sovereign wealth and pension funds as well as retail clients.

For more industry moves, check out People Watch.

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© Copyright 2014 Rogers Publishing Ltd. Originally published on benefitscanada.com

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