Manulife Asset Management has expanded its global equity capabilities by naming Paul Boyne and Doug McGraw to lead a new team managing a global equity strategy for institutional clients and wealth management businesses of Manulife Financial and John Hancock.
They will report to Christopher Conkey, chief equity investment officer of Manulife AM in Boston.
“Paul and Doug expand and strengthen Manulife Asset Management’s investment capabilities and complement our global footprint. Their fundamentally-oriented investment process and diligent risk management practices represent a strong cultural fit with our expanding equity investment franchise,” said Conkey.
Boyne and McGraw will be senior portfolio managers. Most recently, since 2008, they served as senior fund managers for a global equity team at Invesco Perpetual in the United Kingdom.
The duo employs a bottom-up stock selection process based on fundamental research, with the aim to create a diversified portfolio of quality global stocks that demonstrate value and generate sustainable cash flows.
Prior to Invesco, Boyne was deputy chief investment officer and head of global equities at the Bank of Ireland, conducting portfolio oversight across all regions. Before this, he spent 12 years at Morgan Stanley Investment Management, becoming managing director and senior portfolio manager for global value equity; his career also included six years as an accountant with Grant Thornton International. He holds a postgraduate (MBS) Diploma from Michael Smurfit Graduate School of Business, University College, Dublin and is a Fellow of the Association of Chartered Accountants.
McGraw was previously an executive director and portfolio manager for global value equity at Morgan Stanley Investment Management. He holds a B.S. in Finance from Miami University and an M.B.A. from the University of Notre Dame.
The creation of Manulife AM’s new Global Equity team follows a series of recent additions of investment managers. Most recently a Canadian Core Equity team was launched by Monika Skiba, in October 2011.
Manulife AM is the global asset management arm of Manulife Financial Corp (TSX:MFC).