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Thursday, March 28, 2024

Manulife-PNB deal

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Manulife-PNB deal

Manulife Asset Management and Trust Corp. and Philippine National Bank sign a memorandum of agreement that makes the Manulife Asia Pacific REIT Fund of Funds available to PNB clients. The fund is a unit-paying unit investment trust fund that seeks to achieve long-term capital appreciation and generate income by investing primarily in real estate investment trusts in the Asia Pacific region. Signing the agreement are (seated, from left) Joy Jasmin Santos, head of trust banking group, PNB; Chester Luy, head of strategy and financial advisory sector, PNB; Wick Veloso, president and chief executive, PNB; Aira Gaspar, president and chief executive, MAMTC; and Zed Matubis, vice president and head of wealth sales, MAMTC.

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