The firm says that with the new hires it is bringing investors the benefits of global investment acumen and scale.

Manulife Investment Management, the global wealth and asset management brand of Canada-based Manulife, has appointed Andrew G Arnott as global head of retail and Colin Fitzgerald as global head of institutional.

Arnott and Fitzgerald are accountable for the strategy, growth, and overall success of the retail and institutional organizations, respectively. They will join Aimee R DeCamillo, global head of retirement, in delivering Manulife’s wealth and asset management business. All three report to Paul R Lorentz, CEO, Manulife Investment Management, and are members of the leadership team, the firm said in a statement.

Based in Boston, Arnott will work in collaboration with regional heads to ensure that the retail strategy reflects the nuances of local markets while focusing on expanding global distribution relationships and increasing global efficiency.

Arnott has served in several leadership roles at Manulife Investment Management, including head of wealth and asset management, United States and Europe, and president and CEO, John Hancock Investment Management, the US retail brand of Manulife Investment Management. He brings a wealth of organizational and industry expertise, including more than 25 years of experience in the asset management industry. He holds a bachelor’s degree in business administration from Boston University and a master’s in finance from Northeastern University.

Based in London, Fitzgerald will work closely with the institutional leadership team to build on the growth of Manulife Investment Management’s institutional business, which serves clients across the globe.

Fitzgerald was formerly at Credit Suisse, where he was global head of distribution, asset management, responsible for expanding the company’s global distribution footprint. Prior to that, he was CEO of Invesco Asset Management Limited, head of EMEA distribution, and head of EMEA institutional. He has also been head of institutional for Fidelity and global head of key accounts and consultants at Robeco. His extensive experience in sales, business development, and international institutional markets extends back many years through roles in the UK, the Netherlands, Malaysia, and the US.

Welcoming the new hires, Lorentz said: “I’m pleased to announce Andy and Colin in these new positions to support our investors’ objectives and our overall global growth strategy. They join Aimee DiCamillo, our global head of retirement, who was appointed last year, in pivotal roles for our firm...I have confidence in Aimee, Andy, and Colin and in their leadership, which will bring collaborative innovations and solutions to our customers.”

Arnott said: “I’m excited to focus on the global product and retail strategy at a time when evolving our business to meet the growing needs and expectations of individual investors is paramount...Working with the leaders of our public and private markets investment teams on additional solutions for our retail investors is just one of the ways we’ll find more synergies to leverage our diverse investment capabilities and global footprint.” 

Fitzgerald said that he looked forward “to growing the institutional business hand-in-hand with our teams and delivering the expertise and capabilities that meet investors’ current and future needs.”

The firm’s global set of capabilities include asset allocation, specialized fixed-income and equity investing, and private markets expertise, which includes agriculture, timberland, infrastructure equity, private equity and credit, and real estate equity. It manages over $400 billion of institutional client assets with a team of more than 650 investment professionals.