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Manulife Asset Management and Trust Corp. CEO Aira
Gaspar, Manulife Philippines CEO Ryan Charland and
Manulife Asia head of wealth and asset management
Michael Dommermuth at the launch of the Manulife Asset
Management and Trust Corp. on Sept. 20, 2017 Global
financial services provider Manulife Group has rolled
out an asset management unit in the Philippines, riding
on its international experience in wealth management to
expand its 110-year-old local franchise beyond its
traditional insurance businessThe group launched on
Wednesday Manulife Asset Management and Trust Co.,
touted as the first trust corporation in the Philippines
backed by a leading multinational financial services
group. The new company, which will serve both retail and
institutional clients, focuses on offering unit
investment trust funds (UITFs.)“We are investing very,
very heavily within the ASEAN (Association of Southeast
Asian Nations) region. We’re doing that because we’re
throwing the ball to where we think the receiver will
be rather than where they are today,” Michael Dommermuth,
head of wealth and asset management at Manulife Asia,
said in a press briefing on Wednesday.Manulife believes
that ASEAN will be one of the fastest growing regions
of the world, eclipsing Japan and the European Union by
year 2050 to be the world’s fourth largest economy. ASEAN
countries like Vietnam, Indonesia and the Philippines
will see a spectacular rise in terms of economic ranking,
Dommermuth said.Manulife’s foray into Asean asset
management started 20 years ago and it has since then
built businesses in Vietnam, Indonesia, Malaysia,
Thailand and Singapore. Its foray into the Philippine
asset management scene is thus the last piece needed to
complete a portfolio on ASEAN’s six largest
economies.Asked why it had taken Manulife 20 years to
enter the 100-million-people Philippine market,
Dommermuth said: “Before, the regulations were really
not accommodative to that which we wanted to accomplish.
It’s only been recently that foreign firms have been

We can offer feeder funds that come from outside the Philippines and we also believe that through this method. especially young people who are not yet ready to buy insurance products or even older people who had already preserved their wealth. president and chief executive officer of Manulife Philippines. we’ll be able to license and get more of our financial investors to sell UITFs faster. these instruments can be created as products of banks and trust corporations. Unlike existing trust units of banks and non-bank financial institutions. for his part.Ryan Charland.– Manulife income builder fund: a bond fund that seeks to achieve stable and long-term growth by investing in government securities and/or high quality corporate debt securities and other liquid fixed income .allowed to establish trust companies such as what we have now established. We’re also able to offer fund of funds.Like mutual funds. the first three new UITFs are as follows:– Manulife stable income fund: a bond fund that seeks to preserve capital and generate income by investing in fixed income securities with maximum remaining term to maturity of up to three years. This is seen necessary to broaden its reach to other clients. said the group’s entry into this business was meant to complement its suite of offerings to include solutions which were free from insurance.”Dommermuth.”Trust corporations are entities duly authorized by the Bangko Sentral ng Pilipinas to engage in funds management under either a trustor-trustee arrangement or an agency type of agreement. Charland explained: “We do believe there are certain advantages with unit investment trusts. UITFs are pooled from a number of investors and are professionally managed to mitigate risks and allow diversification. as an example. the (lower) charge structure for clients.In the case of Manulife.Asked why Manulife chose to focus on UITFs instead of mutual funds. however. Unlike mutual funds which are separately incorporated. these entities are organized as a corporation with its own capital and management structure. noted that the UITF industry in the Philippines was much bigger at $17 billion compared to the $5-billion mutual fund market.

It also aims to deliver effective product at an affordable cost. OJ is pursuing his Master’s degree in Business Administration. we believe that the Philippines’ strong economic growth accompanied by relatively low inflation expectations provides a favorable backdrop for the local bond and equity markets. 2012 (under S. offers Global Positioning System (GPS) tracking and monitoring solutions for all public and private transportation services. an Ilonggo-based Corporation. the Company. Organized on August 28. asset management of the businesses engaged in hauling. Bonds remain an ideal investment option for a diversified portfolio. a high-caliber team for technical department was created.” Satellite GPS Tracking and Asset Management System Corporation zooms to Iloilo by John Castigador. and the incorporation of Geographic Information Systems in Government.C. He proposed this idea for execution to his Co-founder OJ Garde. and. locally and globally. vision. sales and marketing and mapping revolution. comes the conceptualization of founding Satellite GPS in 2011. The bond market on the other hand.” With this in mind. was founded. Presently. we aspire to execute small steps to realize our big dreams and consequently to make the world a little better.E. is expected to gain support from well-anchored inflation expectations. a young and enthusiastic software engineer who finds coding to be his passion.“Every day. among others. the passage of the tax reform package could provide the much-needed catalyst for the local stock market to continue its upward trend.Aira Gaspar. and leadership capabilities of the team. Satellite GPS Tracking and Asset Management System Corporation. fixed income securities and other liquid fixed income instruments.Buoyed by the idea that “success is driven by the talent. CS201226753). instruments.” in 2012.Behind memories of a son admiring his father that ended in tragic pain.– Manulife equity wealth fund: an equity fund that seeks to achieve long-term capital appreciation by investing in stocks listed on the Philippines Stock Exchange. added: “While the financial markets are likely to be moved by external developments. distribution. Registration No. Over the short-term.Angelo Kauffman and Joemar . It dares to create an exceptional impact to community. president and chief executive officer at Manulife Asset Management and Trust Corp.

Java. Growth in Asian Family Businesses.The opportunity ahead of the company is vast. the company is now ready to imprint a significant story inspired by an Ilonggo! .The core team was set and the product was molded in an intense heat before its grand take off.Seeing the big picture and nailing the details. With the result applauded. Security system. Abstract Algebra. Both are increasingly involved in the design (high and low) level. He is the over-all In-charge of the management of finances. 2014 will be the day of an honest portrait of its minute steps in making a history. focus and continue to transform. In March 2014. This was made possible through efforts of the company’s Technical Team and external Technical Consultant DR. Enrique Soriano III was its appointed representative at the signing. He gained his five-year experience and wide technical knowledge and trainings in accounting and audit from one of the top four accounting/auditing firms in the Philippines and widely recognized as the country’s affiliate to one of the big four global auditing firms. Advanced Mathematics. Series of functional tests were undergone and the product was made available in the market in small scale as part of external and finalt tests. Jovanni Belezza joined the team.In 2013. Alfredo Tayo is the Strategic and Financial Adviser. procedures and policies. His skills and capabilities lie in the field of Programming/Teaching using C/C++. it must move faster. Organizational change and Competitive Strategies. Probability and Statistics. Calculus. it signed the formal engagement with Wong and Berstein Group a Strategic Consulting Group servicing ASEAN organizations related to Strategic Leadership. but to seize it. Intelligent systems and mobile communications. Bobby Gerardo.The same year. implementation and deployment of Java EE and mobile application in various platforms. Agent and Middleware. Control and Fuzzy systems. the development of product version 1 and 2 was almost done. Its grand launching on JUNE 28. taxes and corporate matters as well as setting up Company’s effective accounting system. Programming on CORBA. He is gifted with highly successful and colorful profile that involves the world of “government and universal banking” during the last 25 years.Matulac from a big tech company have a wide experience as a Software Engineer/Application Developers. the company earned loyal customers for a short period of time. Vice Chairman of the Board of the Company PROF. Differential Equations. Web Services.