Manulife Financial Corp's Manulife Investment Management Completes Acquisition of Multi-Sector Alternative Credit Manager CQS, Financial Terms Remain Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Manulife Investment Management, a division of Manulife Financial Corp (MFC), has completed the acquisition of CQS, a multi-sector alternative credit manager. The deal, which received regulatory approval from the U.K. Financial Conduct Authority, aims to accelerate Manulife's growth and enhance its global wealth and asset management strategy. The CQS brand will be co-branded with Manulife in permitted regions.
April 03, 2024 | 8:44 am
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Manulife Financial Corp completes acquisition of CQS, aiming to enhance its global asset management strategy and expand its credit solutions offerings.
The acquisition of CQS by Manulife Financial Corp is likely to be viewed positively by investors, as it represents a strategic expansion of Manulife's asset management capabilities and its offerings in the credit sector. This move could potentially open up new revenue streams and enhance the company's competitive position in the global market.
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