Manulife Holdings Berhad to acquire MAAKL Mutual Bhd

- Deal lifts Manulife's asset management franchise to Top 10 status in 
- Allows investors to benefit from broadened access to offshore markets. 
KUALA LUMPUR, Malaysia, Nov. 13, 2013 /CNW/ - Manulife Holdings Berhad 
("MHB"), part of Canada-based Manulife Financial, today announced that it has 
entered into an agreement with MAA Group Berhad and other shareholders to 
acquire 100 per cent of its subsidiary MAAKL Mutual Bhd ("MAAKL"), one of 
Malaysia's successful unit trust companies. The deal is expected to close 
within the next two months, subject to regulatory approval. This acquisition 
will increase MHB's total assets under management to RM7 billion, elevating 
MHB's unit trust assets to become one of the Top 10 largest in the country.(1) 
Group Chief Executive Officer of Manulife Holdings Berhad, Mark O' Dell, 
commented: "This acquisition gives us an excellent opportunity to accelerate 
Manulife Asia's growth strategy in Malaysia. Malaysia's working age population 
is expected to remain approximately 60 per cent(2) of its total population 
over the next 40 years which, fueled by growth in savings and income together 
with increasing financial literacy, clearly indicates an increasing demand for 
investment products." 
Mr. O'Dell added: "The professionalism and commitment of MAAKL's unit trust 
advisers in earning their customers' trust are impressive. Their success 
highlights that there is a market need for professional investment advice and 
retirement planning. We aim to build on their strong foundation over the 
coming years and are pleased to welcome all of MAAKL's unit trust advisers to 
our family of over 50,000 agents across Asia. We trust that they will benefit 
and further enhance their success by leveraging on Manulife's expertise in 
agency distribution and by providing access to world class global investment 
management through our asset management arm, Manulife Asset Management." 
Incorporated in October 2000, MAAKL currently offers 27 unit trust funds, 10 
of them being Islamic funds and 19 are Employees Provident Fund approved 
funds, with a total net asset value of RM2.47 billion.(3) MAAKL is currently 
ranked at 9th position(4) in the private unit trust industry in terms of total 
fund size, and distributes its funds via a direct sales force of more than 
1,100 unit trust advisers. 
Most of the investment management responsibility for MAAKL's funds will be 
transferred to Manulife Asset Management Services Berhad ("MAMSB"), a wholly 
owned MHB subsidiary, subject to regulatory approval. MAAKL's operations are 
expected to merge with MAMSB after completion of the transaction. 
Michael Dommermuth, President, International Asset Management for Manulife 
Asset Management said:  "Manulife Asset Management believes in on-the-ground 
presence, which provides us with local intelligence and allows us to establish 
expertise in specialist fields, such as our Islamic finance capabilities in 
Malaysia and Indonesia and our Renminbi bond expertise in Greater China. That 
is why we have a vast network of investment professionals across 17 countries 
and territories." Mr. Dommermuth went on to add that:  "We are in a low 
interest rate era and there are no purely domestic solutions for achieving a 
well-diversified investment portfolio to allow for efficient deployment of 
investors' assets. Therefore, some foreign investing is beneficial.  With this 
transaction extending the reach of our asset management franchise here in 
Malaysia, we look forward to leveraging our global expertise to bring a broad 
spectrum of equity, fixed income and asset allocation solutions to local 
(1)Based on pro-forma Lipper rankings of all private unit trust funds in 
Malaysia as at 30 September 2013. Manulife Holdings Berhad unit trust assets 
are the aggregate of MAMSB and MAAKL's combined AUM. 
(2 )Source: Manulife Asset Management - Aging Asia Report 2. 
(3)Source: MAAKL Mutual Bhd as at 30 September 2013. 
(4 )Source: Lipper IM as at 30 September 2013. 
About Manulife Malaysia 
Manulife Holdings Berhad is part of Canada-based Manulife Financial 
Corporation. Through its subsidiary companies, Manulife Malaysia offers an 
innovative range of financial protection, health and wealth management 
products and services to meet different customer needs. Manulife Malaysia 
currently serves the needs of over 293,000 policyholders and wealth management 
customers. Manulife Holdings Berhad has been listed on the Main Board of Bursa 
Malaysia since 1984. As at September 30, 2013 its assets under management were 
over RM4.0 billion. Manulife Malaysia can be found on the Internet at 
About Manulife Asset Management Services Berhad 
Manulife Asset Management Services Berhad (MAMSB) (formerly known as Manulife 
Unit Trusts Berhad) is a wholly owned subsidiary of Manulife Holdings Berhad, 
which is majority, owned by Canada-based Manulife Financial Corporation. MAMSB 
operates under the brand name of Manulife Asset Management and holds Capital 
Markets Services License for fund management, dealing in securities restricted 
to unit trusts and dealing in private retirement schemes, under the Capital 
Markets & Services Act 2007. 
About MAAKL Mutual Bhd 
MAAKL (pronounced 'mac kle') offers a comprehensive range of 27 unit trust 
funds in the asset classes of equity, fixed income and money market. MAAKL, 
led by a highly experienced senior management team, is well-positioned to 
build the most professional unit trust force in the country. MAAKL's 
award-winning MHO Mobile application is now available on the iPad, iPhone, 
BlackBerry and Android Smartphones. MHO Mobile empowers investors to monitor 
and manage their unit trust investments at anytime, from anywhere. Visit MAAKL 
online at 
About Manulife Asset Management 
Manulife Asset Management is the global asset management arm of Manulife 
Financial, providing comprehensive asset management solutions for 
institutional investors and investment funds in key markets around the world. 
This investment expertise extends across a broad range of public, private, and 
alternative asset classes, as well as asset allocation solutions. As at 
September 30, 2013, assets under management for Manulife Asset Management were 
C$265 billion (US $258 billion). 
Manulife Asset Management's public markets units have investment expertise 
across a broad range of asset classes including public equity and fixed 
income, and asset allocation strategies.  Offices with full investment 
capabilities are located in the United States, Canada, the United Kingdom, 
Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, 
and the Philippines. In addition, Manulife Asset Management has a joint 
venture asset management business in China, Manulife TEDA. The public markets 
units of Manulife Asset Management also provide investment management services 
to affiliates' retail clients through product offerings of Manulife and John 
Hancock. John Hancock Asset Management and Declaration Management and Research 
are units of Manulife Asset Management. 
Additional information about Manulife Asset Management may be found at 
About Manulife Financial 
Manulife Financial is a leading Canada-based financial services group with 
principal operations in Asia, Canada and the United States. Clients look to 
Manulife for strong, reliable, trustworthy and forward-thinking solutions for 
their most significant financial decisions. 
Our international network of employees, agents and distribution partners 
offers financial protection and wealth management products and services to 
millions of clients. We also provide asset management services to 
institutional customers. Funds under management by Manulife Financial and its 
subsidiaries were C$574.6 billion (US$558.7 billion) as at September 30, 2013. 
The Company operates as Manulife Financial in Canada and Asia and primarily as 
John Hancock in the United States. 
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and 
under '945' on the SEHK. Manulife Financial can be found on the Internet at 
Media contact: 
Manulife Holdings Berhad Manulife Financial 
                     Corporation               Manulife Asset Management
(Malaysia):              (Asia):                   (Asia): 
Amy Loke                 David Norris              Ginie Lam 
Manulife Malaysia        Manulife Financial,       Manulife Asset Management 
Tel: (03) 2719 9228 (ext                           (Asia)
688)                     Communications 
                                               Tel: +852 2202 1965
Fax: (03) 2094 8139      Tel: (852) 2202-1749 
|Manulife Financial Corporation           |
|(Toronto):                               |
|Sean Pasternak                           |
|Director, Group Functions Media Relations|
|(416) 852-2745                           |
|              |
|Beverley Maclean                         |
|Director, Media Relations                |
|(416) 852-8501                           |
|            |
|Jana Miller                              |
|Director, Media Relations                |
|(519) 747-7000                           |
|                 |

SOURCE  Manulife Financial 
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CO: Manulife Financial
-0- Nov/14/2013 02:01 GMT
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