Canada Manulife Cuts Hundreds of Jobs Representing 2.5% of Jobs in Manulife Global Wealth & Asset Management Business, Reported $789 Billion AUM in 2024 June

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Canada Manulife Cuts Hundreds of Jobs Representing 2.5% of Jobs in Manulife Global Wealth & Asset Management Business, Reported $789 Billion AUM in 2024 June

1st November 2024 | Hong Kong

Canada Manulife cuts hundreds of jobs representing 2.5% of jobs in Manulife global wealth & asset management business.  In 2024 June, Manulife reported $789 Billion AUM (CAD $1.1 trillion).  In 2023 November, Manulife had announced cutting 250 jobs in the asset & wealth management businesses in United States, Canada, UK & Asia.  The jobs cut was announced internally by Manulife Investment Management CEO Paul Lorentz on 12th November 2023.  

“ Canada Manulife Cuts Hundreds of Jobs Representing 2.5% of Jobs in Manulife Global Wealth & Asset Management Business, Reported $789 Billion AUM in 2024 June “

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$618 Billion Asset Manager Manulife Investment Management Cuts 250 Jobs in Asset & Wealth Management in United States, Canada, UK & Asia

17th November 2023 – Manulife Investment Management with $618 billion AUM (Assets under Management) is cutting 250 jobs in the asset & wealth management businesses in United States, Canada, UK & Asia.  The jobs cut was announced internally by Manulife Investment Management CEO Paul Lorentz on 12th November 2023 (Monday).

About Manulife Investment Management

Manulife Investment Management is the brand for the global wealth and asset management segment of Manulife Financial Corporation. Our mission is to make decisions easier and lives better by empowering investors for a better tomorrow. Serving more than 17 million individuals, institutions, and retirement plan members, we believe our global reach, complementary businesses, and the strength of our parent company position us to help investors capitalize on today’s emerging global trends. We provide our clients access to public and private investment solutions across equities, fixed income, multi-asset, alternative, and sustainability-linked strategies, such as natural capital, to help them make more informed financial decisions and achieve their investment objectives. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

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