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March of the Canadians: Manulife targets £30bn in Europe

The CEO of Manulife Asset Management shrugs off Brexit uncertainty and tells FN how his firm plans to build in London

Kai Sotorp, Manulife Asset Management
Kai Sotorp, Manulife Asset Management

Kai Sotorp, the chief executive of Manulife Asset Management, is in charge of funds totalling £226 billion at the Canadian insurer. Here, he tells FN about plans to grow in Europe, shrugging off concerns about the potential implications of the UK voting to leave the European Union on June 23.

The Canadian asset manager has been expanding its London office over the past two years and has almost doubled headcount to more than 40 in the past 12 months alone. It wants to have about 65 staff employed in the UK capital by the end of the 2016. The most recent arrival was Chris Fellingham, the former investment chief of Ignis Asset Management, who on June 13 came on board to lead its liquid alternative strategies.

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