John Tsagarelis was named portfolio manager for the Canadian core equity team at Manulife Asset Management, confirmed spokesman Brian Carmichael.
The position is new.
Mr. Tsagarelis will manage Canadian core equity strategies for clients of the firm, which is the investment management arm of Manulife Financial Corp. He will report to Monika Skiba, who was hired as senior managing director and senior portfolio manager in October to lead the new team. She expects to hire two investment analysts in the next few months to round out the team, according to a news release.
Mr. Tsagarelis was a consultant at Hillsdale Investment Management. An official from Hillsdale did not want to comment on a replacement. Before that, Mr. Tsagarelis was a senior portfolio manager at the C$153.2 billion (US$150.1 billion) Canada Pension Plan Investment Board, Toronto.