Manulife Investment Management will welcome Anne Valentine Andrews as global head of private markets in March as the firm seeks to drive product innovation across its institutional, retail and retirement channels via its $120 billion private markets business.
Andrews spent the last nine years at BlackRock, most recently serving as managing director, global head of infrastructure and real estate. Under her leadership, BlackRock became a top 10 infrastructure manager and top 50 real estate manager by AUM. Andrews served on the firm’s Global Operating Committee, Human Capital Committee and Equity Private Markets Executive Committee.
BlackRock declined to comment on Andrews’ departure. The firm recently announced its purchase of Global Infrastructure Partners and the onboarding of GIP founding partner, chairman and CEO Bayo Ogunlesi to lead the combined platform.
Prior to BlackRock, Andrews was co-head and chief operating officer for the Morgan Stanley Infrastructure platform and worked at Macquarie Bank in both New York and Melbourne, Australia.
At Manulife’s New York office, she will report directly to President and CEO Paul Lorentz. Andrews will lead all investment teams and direct the overall strategy, business development and growth of Manulife IM’s private markets business. She and her team will also work closely with the firm’s global product group and the business leads to drive private market product innovation.
Manulife’s private markets business spans private equity, private credit, infrastructure, real estate, timberland and agriculture, and Manulife was recently recognized as the world’s largest natural capital investment manager. Andrews joining follows the company’s purchase of the $13.5 billion credit business of CQS.
“We are confident that her leadership will accelerate the growth of our private markets platform and deliver more for our clients,” said Lorentz. “Individual and institutional investors alike are demanding broader access to private markets to strengthen their portfolios, find diverse sources of alpha, and achieve their investment goals. We’re committed to the continued expansion of our global private markets platform to help our clients pursue attractive opportunities for long-term returns.”
Andrews remarked on Manulife’s over a century in business and growth from its roots as an insurer.
“Manulife IM’s ability to manage alternative assets for clients and within its insurance platform allows for additional scale that can create exciting product development initiatives and co-investment opportunities,” she said. “I look forward to working alongside the team to continue delivering for clients and to accelerate the growth this platform is uniquely poised to capture.”