MFC Global Investment Management, a unit of Manulife Financial Corp. (MFC), announced that it has appointed Don Rich as vice president and head of tactical asset allocation, effective immediately.
In his new role, Rich will be responsible for determining the appropriate percentage of assets held in various categories for many of MFC Global's tactical asset allocation portfolios worldwide. He will also provide overall guidance in the construction of multi-asset class strategies. In addition, he will conduct investment research supporting other portfolio management teams.
Rich will report to Mark Schmeer, chief investment officer, equities, asset allocation and research, MFC Global Investment Management.
He will be responsible for determining the appropriate percentage of assets held in various categories for many of MFC Global's tactical asset allocation portfolios worldwide. He will also provide overall guidance in the construction of multi-asset class strategies. In addition, he will conduct investment research supporting other portfolio management teams.
Previously, Rich worked for Harvard Management Co., which manages Harvard University's endowment.
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