LONDON and TORONTO, April 3, 2024 /PRNewswire/ – Manulife Funding Administration introduced right now it has closed on the previously announced agreement to accumulate multi-sector different credit score supervisor CQS. Regulatory approval for this transaction was obtained from the U.Ok. Monetary Conduct Authority. The acquisition accelerates progress for the agency and advances its technique as a number one international wealth and asset supervisor offering earnings options throughout the credit score spectrum to retail, institutional and retirement traders.
As a part of the transaction, Manulife Funding Administration has acquired the CQS model and intends to align it with the Manulife model as a co-branded emblem – Manulife | CQS Funding Administration – the place permitted.
“With this acquisition, Manulife Funding Administration is well-positioned to capitalize on the elevated investor curiosity in different credit score and speed up the expansion of our international enterprise. We’re excited to finish this strategic acquisition due to the large alternative to serve retail, retirement, and institutional traders extra deeply and unlock progress for our purchasers,” stated Paul Lorentz, President and CEO, Manulife Funding Administration. “Many traders want to improve their publicity to mounted earnings inside their portfolios by including extra subtle methods inside this asset class, and we’re happy to increase our providing on this area.”
“As we speak sees the becoming a member of collectively of our two companies as Manulife | CQS Funding Administration. Manulife IM is the perfect dwelling for CQS, and this step marks the beginning of an thrilling new chapter for our purchasers, our colleagues, and our different credit score platform,” stated Soraya Chabarek, CEO of CQS. “Collectively we’ll open important new alternatives for our purchasers who will profit from the size and capital power of our new guardian.”
Ms. Chabarek will stay in her function as CEO of CQS. Senior Companions Craig Scordellis, CIO Credit score, and Jason Walker, CIO ABS can even proceed of their roles and report back to Ms. Chabarek.
The monetary phrases of the transaction weren’t disclosed. Piper Sandler & Firm served as unique monetary advisor and Simmons & Simmons LLP served as authorized counsel to CQS on this transaction.
Issued and authorised by Manulife Funding Administration (Europe) Restricted. Registered in England No.02831891. Registered Workplace: One London Wall, London EC2Y 5EA. Authorised and controlled by the Monetary Conduct Authority.
About Manulife Funding Administration
Manulife Funding Administration is the model for the worldwide wealth and asset administration phase of Manulife Monetary Company. Our mission is to make selections simpler and lives higher by empowering traders for a greater tomorrow. Serving greater than 17 million people, establishments, and retirement plan members, we consider our international attain, complementary companies, and the power of our guardian firm place us to assist traders capitalize on right now’s rising international tendencies. We offer our purchasers entry to private and non-private funding options throughout equities, mounted earnings, multi-asset, different, and sustainability-linked methods, equivalent to pure capital, to assist them make extra knowledgeable monetary selections and obtain their funding aims. Not all choices can be found in all jurisdictions. For added data, please go to manulifeim.com.
About Manulife | CQS Funding Administration
Manulife | CQS Funding Administration is a multi-sector different credit score supervisor, wholly owned by Manulife Funding Administration. The agency has a 20+ 12 months historical past of managing research-driven credit score methods over a number of market cycles, with core capabilities that span company credit score (loans and bonds), asset backed securities, regulatory capital, collateralized mortgage obligations and convertible bonds. Our ambition is to proceed to assist traders obtain their objectives throughout market cycles by deciding on good high quality credit and producing earnings. We’re dedicated to constructing enduring partnerships with traders, producing long-term risk-adjusted returns and delivering excessive ranges of service, tailoring mandates throughout a variety of return aims and threat appetites. For added data, please go to cqs.com.
View authentic content material to obtain multimedia:https://www.prnewswire.com/news-releases/manulife-investment-management-completes-acquisition-of-cqs-302106827.html
SOURCE Manulife Funding Administration
The submit Manulife Funding Administration Completes Acquisition of CQS – TipRanks Monetary Weblog appeared first on DailyBusiness.