McCormick and Sanders, both Senior Managing Directors and Senior Portfolio Managers, will manage large cap value, large cap core, and all cap core strategies for external institutional clients and for certain wealth management businesses of John Hancock Financial and Manulife Financial. In addition, Gary Mishuris, Managing Director and Senior Analyst; and Jonathan White, Managing Director and Senior Analyst, have been hired for the team.
The team will report to Christopher Conkey, Chief Investment Officer, Global Equities, Manulife Asset Management.
According to a press release, McCormick and Sanders join Manulife Asset Management from Wells Capital Management in Boston, where they managed large cap value and large cap core strategies.
McCormick most recently was a Managing Director and Senior Portfolio Manager with the Berkeley Street Equity team at Wells Capital Management. He joined Wells Capital when it acquired Evergreen Investments, where he had served in a similar role since 2002. Earlier, he served as head of the Large Cap Core Growth team at Keystone Investments, which was subsequently merged into Evergreen Investments, and head of the Large Cap Value team at David L. Babson & Co.
McCormick earned a bachelor’s degree from Providence College, an MBA from Rutgers University.
Sanders most recently was a Director, Portfolio Manager and Senior Equity Analyst with the Large Cap equity research team at Wells Capital Management, the announcement said. He joined Wells Capital from Evergreen Investments, where he had served in a similar role since beginning his investment management career in 1997. He is a graduate of the University of Vermont.“Creation of this new team is a significant step in broadening our U.S. value equity capabilities, with particular emphasis on the large cap space,” said Conkey, in the announcement. “In addition to managing several newly seeded funds, the team will also assume responsibility for managing certain funds on wealth management product platforms for John Hancock through our John Hancock Asset Management division, as well as management of pooled U.S. large cap value and U.S. large cap core strategies for Manulife Asset Management around the world.”