Manulife AM moving China sales team to new WFOE
The Canadian firm is the first financial institution to win an investment company wholly foreign-owned enterprise licence. It will relocate institutional sales staff to the new entity in Shanghai.
Manulife has become the first financial institution to win approval to set up a wholly foreign-owned investment company in Shanghai, and will move its China institutional sales team from Hong Kong to the new unit, said Michael Dommermuth, Asia head of asset management and wealth management.
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