Legal & General (L&G) and Manulife Wealth & Asset Management (Manulife WAM) have entered into a long-term strategic partnership.
Article created by the editorial staff of ETFWorld.co.uk
Eric Adler, CEO of L&G Asset Management
The three-year agreement covers distribution, investment management and product development to expand the presence in international markets
The agreement covers distribution, investment management and product development, with the aim of expanding the global distribution reach of both companies and meeting client demand for wealth management and retirement solutions in Europe, Asia, the United States, Canada and Bermuda.
The agreement combines Manulife WAM’s expertise in asset management and its distribution channels in North America and Asia with L&G’s position as a global asset manager and leader in the annuity and reinsurance sectors.
The agreement will cover a wide range of asset classes, in both public and private markets, including alternative credit, fixed income, multi-asset solutions, real estate, infrastructure and natural capital, as well as investment products such as ETFs.
The two asset managers compared
Legal & General manages assets of £1.2 trillion. The asset manager operates in public and private markets, with investments in UK and European real estate, indices and ETFs, active fixed income, multi-asset, liquid alternatives, cash and liquidity funds, and infrastructure. In 2025, the group set out an international growth plan based on organic development, partnerships and acquisitions.
Manulife Wealth & Asset Management, part of Manulife Financial Corporation, manages and administers over 1.3 trillion Canadian dollars. The company operates in 20 countries, including 10 in Asia, and distributes investment solutions through retail (intermediaries), pension, institutional and wealth management channels.
Statements from senior management
Eric Adler, CEO of L&G Asset Management, said: “This is another example of L&G consolidating its position as a global asset manager and delivering on our strategy to build, partner or buy as we drive international growth.” “Our new partnership with Manulife Wealth & Asset Management will broaden investor access to L&G’s public and private markets investment solutions and expand our global distribution reach. We see immense potential in our complementary investment capabilities working together to address increasing demand for retirement and wealth solutions.”
Paul Lorentz, CEO of Manulife WAM, commented: “We see tremendous opportunities for both organizations in this strategic partnership as we leverage our complementary strengths: our Canadian, U.S. and Asian asset management capabilities, along with breadth in distribution channels in North America and Asia, with L&G’s distribution capabilities and strength in global asset management. This strategic partnership will support the expansion of our product platform to bring a more comprehensive and competitive offering to all markets where we currently operate – reinforcing our commitment to be the number one choice for customers around the world.” .
The partnership will be implemented through a series of initiatives to be announced over the coming years.
Source: ETFWorld.co.uk
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