Hancock Forest Management NZ name change
Friday 19 Nov 2021
There are no changes to how the business will operate in New Zealand. The wider business strategy and investment decision-making processes will remain the same. The change also has no impact on jobs within the company, and staff have been notified of this change.
Managing Director Australasian Timberland Operations, Robert Green, says the rebranding signals an ongoing commitment to our future in New Zealand. The change has been taking place behind the scenes for 24- to 36- months, with consideration to how this could be rolled out across the global business. By aligning our capabilities, MFM NZ offers a strength few organisations can match, providing the company with a base to keep building upon moving forward.
The global business is headed by Christoph Schumacher, who recently joined Manulife Investment Management as Global Head of Real Assets, Private Markets. The role unites the firm’s real asset capabilities across real estate, infrastructure, timberland, and agriculture, all of which have been key drivers of diversification, offering sustainable and nature-based solutions and have a long history of helping to generate differentiated returns for their clients.
In New Zealand, Robert Green will remain in his role as Managing Director Australasian Timberland Operations, in addition to General Manager Kerry Ellem and our existing team. “We're excited about the future with Manulife – and we're confident our staff and various other stakeholders are too.” The visual rebrand takes effect from Monday 15 November.
Manulife Investment Management manages approximately 5.7 million acres of timberland across the United States, Canada, New Zealand, Australia, Brazil, and Chile. 520,000 acres of land being managed is in New Zealand. It also oversees approximately 400,000 acres of farmland and agriculture investments in major agricultural regions of the United States and in Canada, Chile, and Australia.
In New Zealand, the company has around 100 FTE employees. On any given day, the company works with up to 1,400 contractors in forests it manages.
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