Manulife Asset Management has lifted out two executives from Jupiter Asset Management in London to manage a new global emerging markets equity portfolio, said Manulife spokesman Brian Carmichael.
Kathryn Langridge was named senior managing director, senior portfolio manager and head of global emerging markets equity at Manulife Asset Management, while Philip Ehrmann was named senior managing director and senior portfolio manager at the firm, supporting Ms. Langridge. The positions are new. It is the first time the firm had had dedicated portfolio managers for emerging markets equity.
Ms. Langridge will start at Manulife on Dec. 31, and Mr. Ehrmann will join the firm Jan. 8. They will manage a global emerging markets equity strategy for institutional clients and certain wealth management businesses of Manulife and parent company John Hancock Financial Services. They will also support other global equity strategies investing in emerging markets equity.
Ms. Langridge and Mr. Ehrmann will both be based in London and report to Christopher Conkey, global chief investment officer, equity and fixed income.
Ms. Langridge was a fund management director at Jupiter responsible for global emerging markets equity funds. Mr. Ehrmann, meanwhile, was a fund director and the firm's joint head of Asian equities. Jupiter spokeswoman Despina Constantinides could not be reached by press time for information on replacements.
Manulife Asset Management had about C$309 billion ($276 billion) in assets under management as of Sept. 30.