Manulife Asset Management has appointed Gary Li a managing director and portfolio manager in Boston, MA, responsible for derivatives portfolios.

Manulife Asset Management has appointed Gary Li as a managing director and portfolio manager in Boston, MA, responsible for derivatives portfolios.

Li reports to Barry Evans, president of asset management in North America and chief investment officer of asset allocation.

Li helps manage some $34 billion in John Hancock wealth management portfolios, as well as developing and managing synthetic asset exposures inside certain asset allocation portfolios. He also provides advisory and risk support to the firm's equity and fixed income portfolio managers with respect to their derivative positions.

Previously, Li worked at MetLife Insurance Corporation as an assistant vice president and manager of derivatives risk management. Before that, he was director of risk management and asset allocation for the South Carolina Retirement Investment Commission. Earlier still, he was director of derivatives and alternative strategies for Wells Fargo Capital Management.

Manulife Asset Management is the global asset management arm of Manulife Financial. The firm had $258 billion in assets under management at September 30, 2013.