Business
Manulife Investment Management Completes Acquisition of CQS
Manulife Investment Management Completes Acquisition of CQS Canada NewsWire L...
About this update from Manulife Financial Corporation
[{"type":"text","content":"\n \n \n \n Manulife Investment Management Completes Acquisition of CQS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n LONDON and\n \n TORONTO\n \n \n ,\n \n \n April 3, 2024\n \n \n /CNW/ - Manulife Investment Management announced today it has closed on the\n \n previously announced agreement\n \n to acquire multi-sector alternative credit manager CQS. Regulatory approval for this transaction was received from the U.K. Financial Conduct Authority. The acquisition accelerates growth for the firm and advances its strategy as a leading global wealth and asset manager providing income solutions across the credit spectrum to retail, institutional and retirement investors.\n \n \n \n \n \n \n \n \n \n As part of the transaction, Manulife Investment Management has acquired the CQS brand and intends to align it with the Manulife brand as a co-branded logo – Manulife | CQS Investment Management – where permitted.\n \n \n \"With this acquisition, Manulife Investment Management is well-positioned to capitalize on the increased investor interest in alternative credit and accelerate the growth of our global business. We are excited to complete this strategic acquisition because of the tremendous opportunity to serve retail, retirement, and institutional investors more deeply and unlock growth for our clients,\" said\n \n Paul Lorentz\n \n , President and CEO, Manulife Investment Management. \"Many investors are looking to increase their exposure to fixed income within their portfolios by adding more sophisticated strategies within this asset class, and we are pleased to expand our offering in this space.\"\n \n \n \"Today sees the joining together of our two businesses as Manulife | CQS Investment Management. Manulife IM is the ideal home for CQS, and this step marks the start of an exciting new chapter for our clients, our colleagues, and our alternative credit platform,\" said\n \n Soraya Chabarek\n \n , CEO of CQS. \"Together we will open significant new opportunities for our clients who will benefit from the scale ...