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Manulife creates new wealth position

Manulife creates new wealth position

Manulife Asset Management said it has appointed Emmanuel Bucaille as senior managing director for head of wealth solutions, wealth and asset management, Asia.

Bringing 30 years of experience to the position, Emmanuel spent the majority of his career with UBS in Europe and Asia. His most recent position was head of investment products and services operating office.

In this newly created position based in Hong Kong, Emmanuel will have regional oversight in formulating, articulating and implementing wealth solutions as well as product strategies for Manulife.

He will have direct ownership over wealth solutions, from product idea generation to development and implementation, as well as platform management.

In addition, he will spearhead the effort to more closely align the company’s wealth solutions to customers’ actual financial objectives, and to further harness private asset capabilities as part of those solutions.

Emmanuel will report to Michael Dommermuth, executive vice president and head of wealth and asset management, Asia.

“Through the direct interactions Manulife’s 71,000 agents have with our customers in Asia, as well as the intelligence we garnered from our fast-growing bank partnerships, we are cognizant of the need for more customized wealth solutions in the region to better help investors achieve their diverse objectives,’ said Dommermuth.

‘The assets under management for our wealth and asset management business in Asia have been growing to exceed US$117 billion,’ he added.

Last week, Manulife announced structural changes to its wealth and asset management businesses globally, to capture significant market opportunities. The Canadian giant said it will combine the reporting for the two units under a primary segment – global wealth and asset management.

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