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Manulife Financial Corp
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Close 2019-12-11 C$ 25.48
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Manulife, Concordia University enter 5-year partnership

2019-12-11 09:43 ET - News Release

Mr. Bernard Letendre reports


Manulife Financial Corp.'s Manulife Investment Management and Concordia University have signed a five-year partnership, enabling some of Concordia's top business students to better understand the principles of environmental, social and governance (ESG) investment in a capital market environment through a new sustainable investing practicum -- the first of its kind from a Canadian university.

"We are very happy to partner with John Molson School of Business, one of Canada's top business schools, to bring the first comprehensive sustainable investing practicum to its students," commented Richard Payette, president and chief executive officer, Manuvie Quebec. "We believe that our partnership will help these students become top performers in their field by getting real experience of what the investment industry is moving towards."

Running from May to April, the new sustainable investing practicum supported by Manulife will welcome a dozen candidates per year. Participants will be part of an investment management committee and take part in practical labs, where they will interact in real time with Manulife Investment Management's Canadian fundamental equity team, making fund management recommendations based on the fundamentals of sustainable investing. They will also present in front of a supervision committee multiple times per year to get a similar experience to real-life fund supervision.

To recognize the students' hard work during this program, up to 12 Manulife Investment Management scholarships will be awarded annually to top performers, and possible internships with Manulife will also be available.

"This new agreement with Manulife aligns perfectly with our school's strategic plan," commented Anne-Marie Croteau, dean of the John Molson School of Business. "It enhances our students' experience by providing them with a hands-on learning opportunity that embodies our core value of responsibility and social accountability. The sustainable investing practicum supported by Manulife is a wonderful example of how we enrich learning by offering a continuously evolving and relevant curriculum. The internships and scholarships that Manulife will fund further reinforce the support that we offer our students."

"Helping make decisions easier and lives better for our customers is what we aspire to daily, and we believe we are putting that mission into action by helping students gain meaningful experience aligned with the new demands of our business environment and society," commented Bernard Letendre, head of wealth and asset management, Canada. "My team and I are looking forward to the spring to start meeting, exchanging and learning from this next generation of business professionals."

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