L&G and Manulife WAM announce strategic partnership

Legal & General (L&G) and Manulife Wealth & Asset Management (WAM) have announced a global strategic partnership, spanning distribution, investment management, and product development.

It aims to improve the global distribution reach of both firms, enabling them to meet rising client demand for comprehensive wealth and retirement solutions.

The multi-phase partnership is expected to cover a range of asset classes across public and private markets, including alternative credit, fixed income, multi-asset solutions, and infrastructure, alongside investment products such as exchange-traded funds (ETF).

The firms said the partnership underscored their commitment to providing diverse investment solutions and expanding access to differentiated strategies for global institutional, retirement, and retail clients.

Additionally, L&G and Manulife WAM said the partnership reflected their shared strategic growth ambitions, with both firms prioritising scaling new capabilities and strengthening their presence in ‘key’ international markets.

“Our new partnership with Manulife WAM will broaden investor access to L&G’s public and private markets investment solutions and expand our global distribution reach,” commented L&G Asset Management CEO, Eric Adler.

“We see immense potential in our complementary investment capabilities working together to address increasing demand for retirement and wealth solutions.”

Manulife WAM CEO, Paul Lorentz, added: “We see tremendous opportunities for both organisations in this strategic partnership as we leverage our complementary strengths.

“This strategic partnership will support the expansion of our product platform to bring a more comprehensive and competitive offering to all markets where we currently operate – reinforcing our commitment to be the number one choice for customers around the world.”

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