Manulife AM steps up sales effort in Japan

Manulife Asset Management (Japan) is ramping up marketing of its Asian fixed income and specialist alternatives capabilities as local institutions look to tweak their asset allocations. To that end, the subsidiary of Canada's Manulife Financial added two sales staff in Tokyo this year, in May and October, bringing the team up to five, who all work across asset classes. There are no plans to add more for the time being, says Hidenori Hirabatake, head of sales and client services, w…