Manulife Financial aims to double its Asian wealth management business in five years driven by strong demand for fixed income and equity funds.
Manulife has around $38 billion in assets under the management in the region, rising from about $12 billion five years ago, the news service said.
"It's a growth story," Michael Dommermuth, president of Manulife Asset Management Asia, was quoted as saying. "What's attracting people is that it's growing at a much more rapid pace than the US or Europe. Over the next five years, I wouldn't be surprised to see our AUM go to $75 billion."
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