Manulife Investment Management to Acquire U.K.-Based CQS
15 November 2023 - 3:58PM
Dow Jones News
By Adriano Marchese
The global wealth and asset management arm of Canadian insurer
Manulife Financial has agreed to acquire London-based alternative
credit manager CQS for an undisclosed amount.
Manulife Investment Management said Wednesday the acquisition
offers both entities access to their complementary global
investment solutions. Investment Management said Wednesday the
acquisition offers both entities access to their complementary
global investment solutions.
The CQS credit platform has about $13.5 billion in assets under
management as of end of October, the company said.
"CQS brings to our portfolio a proven investment process, robust
performance, and expertise across market cycles, and a culture that
has attracted both talent and flows into the firm," Manulife
Investment Management Chief Executive Paul Lorentz said.
The transaction is expected to close in early next year.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
November 15, 2023 09:43 ET (14:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Manulife Financial (NYSE:MFC)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
Manulife Financial (NYSE:MFC)
Historical Stock Chart
Von Mai 2023 bis Mai 2024