A number of changes are being made at Manulife Investments due to the departure of Marie-Eve Savard and Walter McCormick.

In a statement released on Jan. 8, Manulife announced that, since Marie-Eve Savard has indicated her desire to leave the company, Susan Da Sie will assume portfolio management responsibilities for the following funds:

  • Manulife Canadian Monthly Income Fund (formerly known as Standard Life Monthly Income Fund)
  • Manulife Canadian Monthly Income Class (formerly known as Standard Life Monthly Income Class)
  • Manulife Conservative Income Fund (formerly known as Standard Life Diversified Income Fund)
  • Manulife Canadian Dividend Income Fund (formerly known as Standard Life Dividend Income Fund)
  • Manulife Canadian Dividend Income Class (formerly known as Standard Life Dividend Income Class)
  • Manulife Canadian Dividend Growth Fund (formerly known as Standard Life Canadian Dividend Growth Fund)
  • Manulife Canadian Dividend Growth Class (formerly known as Standard Life Canadian Dividend Growth Class)
  • Manulife Tactical Income Fund (formerly known as Standard Life Tactical Income Fund)
  • Manulife Canadian Growth & Income Private Trust

Manulife says that Savard will stay on until the end of February to ensure a smooth transition, and that the investment philosophy of the funds will not change.

At the same time Manulife also announced that Walter McCormick, senior managing director and senior portfolio manager at Manulife Asset Management (US) LLC will be retiring on March 31, 2016. Following his retirement, Sandy Sanders will become lead manager of the following funds:

  • Manulife Balanced Equity Private Pool
  • Manulife Strategic Balanced Yield Fund
  • Manulife U.S. All Cap Equity Class
  • Manulife U.S. All Cap Equity Fund
  • Manulife U.S. Balanced Private Trust
  • Manulife U.S. Dollar U.S. All Cap Equity Fund
  • Manulife U.S. Dollar Strategic Balanced Yield Fund
  • Manulife U.S. Equity Private Pool
  • Manulife U.S. Large Cap Equity Class
  • Manulife U.S. Large Cap Equity Fund

Sanders is currently serving as co-manager of these funds alongside McCormick.