Manulife hires new fixed income head

Pang Cheng Duan has joined Manulife Asset Management (Singapore), part of MFC Global Investment Management, as head of fixed income.

He will oversee the company’s fixed income desk and lead the development of external business, following the launch of its unit trust platform in September 2009.

Pang joins from UT Asset Management, the asset management arm of Usaha Tegas Group in Singapore, where he was chief investment officer.

He replaces Akira Okada, who has moved to MFC Global Investment

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