It's been a busy summer for Manulife Financial Corp.'s asset management business, which has brought on several new business leaders over the past few weeks.
The latest recruit is Dario Di Napoli, who has been hired as a managing director in institutional sales. He will be based in the Toronto office.
Earlier this summer, the company hired three senior managers for its private markets business to attract new institutional investment in key sectors such as real estate.
Mr. Di Napoli has a background working with smaller clients, having most recently led institutional sales at Westcourt Capital Corp., which essentially works as an outsourced chief investment officer or portfolio adviser for foundations, endowments and pension funds. Such clients typically have less than $100-million under management.
"He brings experience working with institutional clients, family offices and strategic alliance partners," Adam Neal, head of institutional sales and relationship management in Canada, said in a statement.
For Manulife, Mr. Di Napoli will use that background to focus on investments for clients with plan assets below $100-million in Central and Eastern Canada. He will also work with some larger clients through Manulife's group retirement solutions business.
Manulife Asset Management had $390-billion in assets as of the end of June.