Manulife Investment Management Hires Brent McGowan as Global Head and CIO of Agriculture
Rhea-AI Summary
Manulife Investment Management (MFC) has appointed Brent McGowan as Global Head and Chief Investment Officer of Agriculture. McGowan, with 30 years of experience in the food and agricultural industry, returns to Manulife IM after previously serving as their Global Head of Agricultural Operations. He most recently held the position of Chief Operating Officer at Novus Ag.
The company's agricultural business manages $4.2 billion in assets and oversees 400,000 acres across Australia, Canada, Chile, and the United States. Oliver Williams, the former Global Head of Agriculture Investments, will transition to a strategic advisor role to ensure continuity.
As one of the world's leading natural capital investment managers, Manulife IM's agriculture platform offers customized, vertically integrated, sustainable agricultural investment solutions across various commodity types and agriculture "plus" investments.
Positive
- Appointment of experienced leader with 30 years in food and agricultural industry
- Previous successful tenure at Manulife IM ensures smooth transition and operational familiarity
- Continuity maintained with former head moving to strategic advisor role
- Strong market position with $4.2 billion in agricultural assets and 400,000 acres under management
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, MFC gained 0.41%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Brent brings 30 years of experience in the food and agricultural industry into the role. Most recently, he was Chief Operating Officer for Novus Ag. Prior to that role, he was Global Head of Agricultural Operations at Manulife IM where he was responsible for managing health, safety, environmental, and risk objectives while meeting client needs and maintaining internal profitability.
"Brent's return is a tremendous positive for our platform, team, and clients," said Anne Valentine Andrews, Global Head of Private Markets, Manulife Investment Management. "Brent's background in agricultural operations and leadership will cultivate new opportunities for investors and help to drive transformational change to enhance our portfolio."
During his past tenure at Manulife IM, Brent was pivotal in providing strategic leadership for the firm's agricultural operations. Brent fostered trusted relationships and spearheaded transformation efforts for the business. To ensure a smooth transition, Oliver Williams, Manulife IM's former Global Head of Agriculture Investments, will move into a strategic advisor role and collaborate closely with Brent with a focus on investment strategy and execution.
"Brent's extensive experience, coupled with the knowledge of Manulife IM and our clients gained while here, are invaluable to this role," said Mr. Williams. "His insights are instrumental in navigating the complexities of the agricultural industry, and his ability to drive strategic initiatives is essential as we continue to expand our portfolio. I look forward to working with him to position the platform for continuous long-term growth and success."
As one of the world's leading natural capital investment managers,1 Manulife IM's
"It's a privilege to lead this team and I am invigorated by the depth of talent and expertise here," said Mr. McGowan. "There is a deep passion at Manulife IM for the communities that we are privileged to work with to bring nutrition to tables around the world. I admire the business's steadfast commitment to responsibly steward farmland and produce sustainable food and fiber to deliver performance to clients, and I am excited to contribute in a meaningful way to the future of the platform."
Find more information on Manulife Investment Management Agriculture capabilities here.
1. | IPE research, as of January 24, 2025. Ranking is based on total natural capital assets under management (AUM), which include forestry/timberland and agriculture/farmland AUM. Firms were asked to provide AUM and the as of dates vary from December 31, 2023, to December 31, 2024. |
2. | As of December 31, 2024. |
About Manulife Wealth & Asset Management
As part of Manulife Financial Corporation, Manulife Wealth & Asset Management provides global investment, financial advice, and retirement plan services to 19 million individuals, institutions, and retirement plan members worldwide. Our mission is to make decisions easier and lives better by empowering people today to invest for a better tomorrow. As a committed partner to our clients and as a responsible steward of investor capital, we offer a heritage of risk management, deep expertise across public and private markets, and comprehensive retirement plan services. We seek to provide better investment and impact outcomes and to help people confidently save and invest for a more secure financial future. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.
Media Contact: Elizabeth Bartlett, elizabeth_bartlett@manulife.com
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SOURCE Manulife Investment Management