Manulife plans HK funds platform for mutual recognition

Manulife Asset Management intends to build a Hong Kong funds platform to tap the “formidable” opportunity presented by the upcoming mutual recognition scheme. Funds domiciled in the city are likely to have an income and multi-asset theme, the firm’s regional CEO has hinted. And Manulife AM is expected to soon be announcing hires as part of the integration of its wealth and asset management business units. Michael Dommermuth, head of wealth and asset management for Asia at Manu…