News

2016
Kai Sotorp and Scott Hartz Named To Hancock Natural Resource Group Board of Directors

2016

Kai Sotorp and Scott Hartz Named To Hancock Natural Resource Group Board of Directors

BOSTON (October 31, 2016)—Kai Sotorp and Scott Hartz have been named as a new members of the Hancock Natural Resource Group Board of Directors, Board Chairman Dan Christensen said today.

The appointments of Mr. Sotorp, President and CEO of Manulife Asset Management and Executive Vice President, Global Head of Wealth and Asset Management for Manulife Financial, and Mr. Hartz, Executive Vice President of General Account Investments for Manulife Financial, are effective immediately.

“We’re very pleased to have Kai and Scott to join our board,” Mr. Christensen said. “Their extensive background and business experience will be a tremendous asset to our business.”

In addition to his role as head of Manulife Asset Management and Executive Vice President, Global Head of Wealth and Asset Management, Mr. Sotorp is a member of the company’s Executive Committee and Management Committee. He is responsible for growing and developing the Company’s wealth and asset management operations globally. Mr. Sotorp, who joined Manulife in 2014, has more than 25 years of international financial services and asset management experience. Previously he worked at UBS Global Asset Management as Chief Executive Officer, Asia Pacific. He was also UBS Group Managing Director and a member of UBS Global Asset Management’s Executive Committee. Based in Hong Kong, he oversaw US$120 billion in assets under management and 495 employees. He holds an MBA from Harvard Business School and a B.S. in Business Administration from Boston University.

Mr. Hartz oversees all of Manulife’s U.S., Canadian and Asian general account investments, with total assets exceeding C$231 billion as of June 30, 2016. Mr. Hartz is also the Chief Investment Officer for John Hancock Life Insurance Company, a wholly owned subsidiary of Manulife. Manulife’s portfolio is composed of roughly 90% fixed income investments and 10% non-fixed income investments. A hallmark of the investment group which Mr. Hartz leads is its expertise in private asset classes. Within fixed income, the group underwrites and originates private placement debt and commercial and agricultural mortgages. Within non-fixed income, the group originates and manages commercial real estate, timber, agriculture, renewable energy and other infrastructure, oil & gas, private equity, and mezzanine investments. Before Manulife acquired John Hancock in 2004, Mr. Hartz had been Lead Portfolio Manager for Hancock’s General Account since 1998. Mr. Hartz joined Hancock in 1983 after graduating from Colby College with a B.A. in Physics and Economics. He is a Chartered Financial Analyst and a Fellow of the Society of Actuaries.

In addition to Mr. Sotorp, Mr. Hartz and Mr. Christensen, the other board members are Warren Thomson, Senior Executive Vice President and Chief Investment Officer, Manulife and Chairman, Manulife Asset Management; Kevin Adolphe, President and Chief Executive Officer, Manulife Real Estate and President and Chief Executive Officer, Manulife Asset Management Private Markets; Bill Peressini, President and Chief Executive Officer, Hancock Natural Resource Group; Bruce McKnight, retired Chief Operations Officer, Hancock Timber Resource Group; Bill Eeuwes, retired Senior Vice President and Global Head of Private Equity, Manulife and Cynthia Steer, former Executive Vice President and Head of Manager Research and Investment Solutions at The Bank of New York Mellon.

About the Hancock Natural Resource Group

The Hancock Natural Resource Group, Inc., is a registered investment adviser and wholly owned subsidiary of Manulife Financial Corporation. HNRG is comprised of three operating divisions; Hancock Timber Resource Group (HTRG), Hancock Agricultural Investment Group (HAIG) and Hancock Renewable Energy Group (HREG). As of June 30, 2016, combined assets under management totaled approximately $14.4 billion.

 

Cynthia Steer Named as New Independent Director for Hancock Natural Resource Group Board of Directors

2016

Cynthia Steer Named as New Independent Director for Hancock Natural Resource Group Board of Directors

BOSTON (February 2, 2016)— Cynthia Steer has been named as a new independent director for Hancock Natural Resource Group Board of Directors, board chairman Dan Christensen said today.

The appointment of Ms. Steer, a former Executive Vice President and Head of Manager Research and Investment Solutions at The Bank of New York Mellon, is effective immediately.

“We’re very pleased that Cynthia has agreed to join our board,” Mr. Christensen said. “Her background and business experiences will complement our other Board Members and also make her a tremendous asset to our business.”

Ms. Steer, who retired from The Bank of New York Mellon in 2014, was previously Managing Director, Investment Strategy and Consulting at Russell Investments and Chief Research Strategist at CRA Rogers Casey. She held a wide range of senior level investment management positions throughout her career.

Ms. Steer previously was Chairperson of the Global Emerging Markets Local Currency Bond Initiative (GEMLOC) Committee at the World Bank.

Ms. Steer graduated from Smith College with a B.A. in Urban Studies, earned an MSc in Early Childhood Education and Teaching from The Bank Street School, and then earned an MBA in International Finance from the University of Pennsylvania.

In addition to Ms. Steer and Mr. Christensen, the other board members are Warren Thomson, Senior Executive Vice President and Chief Investment Officer, Manulife and Chairman, Manulife Asset Management; Kevin Adolphe, President and Chief Executive Officer, Manulife Real Estate and President and Chief Executive Officer, Manulife Asset Management Private Markets; Bill Peressini, President and Chief Executive Officer, Hancock Natural Resource Group; Bruce McKnight, retired Chief Operations Officer, Hancock Timber Resource Group; and Bill Eeuwes, retired Senior Vice President and Global Head of Private Equity, Manulife.

 

About the Hancock Natural Resource Group The Hancock Natural Resource Group, Inc., is a registered investment adviser and wholly owned subsidiary of Manulife Financial Corporation. HNRG is comprised of three operating divisions; Hancock Timber Resource Group (HTRG), Hancock Agricultural Investment Group (HAIG) and Hancock Renewable Energy Group (HREG). As of December 31, 2015, combined assets under management totaled approximately $14.1 billion.

2015
Bill Peressini Named Chief Executive Officer Of Hancock Natural Resource Group

2015

Bill Peressini Named Chief Executive Officer Of Hancock Natural Resource Group

Current CEO Dan Christensen Retiring After 23 Years with Organization; Will Remain As Chairman of HNRG Board, Wilfred Steiner Appointed Chief Financial Officer

BOSTON, Aug. 27, 2015 — Bill Peressini has been named Chief Executive Officer of the Hancock Natural Resource Group (HNRG), the company announced today.

Mr. Peressini, whose appointment is effective on January 1, 2016, will replace Dan Christensen, who will be retiring at the end of the year after 23 years with the company, the last 12 as its CEO. Mr. Peressini also will join the HNRG Board of Directors. In addition, as previously announced, Wilfred Steiner has been appointed as Managing Director and Chief Financial Officer of HNRG, effective Oct. 1, 2015.

“We are thrilled to have Bill step into his new role as HNRG’s CEO,” said Warren A. Thomson, Chief Investment Officer of Manulife Financial and Chairman of Hancock Natural Resource Group. “Since joining us as chief financial officer four years ago, he has been an invaluable member of the team. He has played a vital role in the development of the Hancock Renewable Energy Group and in developing the integrated farmland investment management platform of the Hancock Agricultural Investment Group, two vital items for the future growth of HNRG. Bill is a strong leader and has the vision to build on HNRG’s current success and set the stage for future growth.”

“It is a tribute to Dan Christensen’s excellent stewardship of the organization over the past 12 years that we can so confidently place the reins of leadership into Bill’s hands,” Mr. Thomson added. “In addition to overseeing the rapid growth of HNRG during the past decade, he has developed an outstanding leadership team and depth throughout the organization. We thank him for all he has brought to HNRG and wish him all the best as he heads into a new phase of his life.”

Upon his retirement, Mr. Christensen will continue as chairman of HNRG’s subsidiary companies and will take on the role of Chairman of HNRG’s Board of Directors. He will replace Mr. Thomson who is stepping down as chairman, but remaining on the board. Mr. Christensen also will continue to work in the natural resource industry with industry associations.

Mr. Peressini, who was named president of HNRG earlier this year, has been its Chief Financial Officer since joining the organization in 2011. Before coming to HNRG, Mr. Peressini held senior management positions at Stimson Lumber Company, a privately-held integrated forest products company, and PacifiCorp, an energy and telecommunications company. Both companies are based in Oregon.

Mr. Steiner is Managing Director Australasia (HNRGA) and Director of International Finance. Since joining the organization in 2004, he has held a number of roles and worked on major timberland transactions in Australia, New Zealand and Chile. He will be relocating from Sydney, Australia to Boston. Before joining HNRG in 2004, Mr. Steiner was the CFO of Hoyts Cinemas Limited. He also had worked at Arthur Andersen.

About the Hancock Natural Resource Group

The Hancock Natural Resource Group, Inc. is a unit of Manulife Asset Management Private Markets. Based in Boston, it consists of three businesses: The Hancock Timber Resource Group, Hancock Agricultural Investment Group, and Hancock Renewable Energy Group. HNRG manages timberland, agricultural and renewable energy investments on behalf of institutional investors globally. As of June 30 2015, the organization had $14 billion in assets under management and manages investments in the United States, Brazil, Chile, Canada, New Zealand and Australia.


About Manulife Asset Management Private Markets

Manulife Asset Management Private Markets has investment expertise in several private asset classes, including commercial real estate, timberland and farmland, biomass renewable energy, oil and gas, private equity and mezzanine debt. Manulife Asset Management Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt and commercial mortgages. Hancock Natural Resources Group, Manulife Real Estate, John Hancock Real Estate, NAL Resources, Regional Power, Manulife Capital, and Hancock Capital Management are units of Manulife Asset Management Private Markets. As at June 30, 2015, Manulife’s assets under management in private asset classes were C$98 billion (US$78 billion), including assets managed by and for Manulife’s general fund and external clients. Additional information may be found at ManulifeAM.com/PrivateMarkets.


About Manulife Asset Management

Manulife Asset Management is the global asset management arm of Manulife, providing comprehensive asset management solutions for investors. This investment expertise extends across a broad range of public and private asset classes, as well as asset allocation solutions. As at June 30, 2015, assets under management for Manulife Asset Management were approximately C$390 billion (US$312 billion). Manulife Asset Management’s public markets units have investment expertise across a broad range of asset classes including public equity and fixed income, and asset allocation strategies. Offices with full investment capabilities are located in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, Manulife Asset Management has a joint venture asset management business in China, Manulife TEDA. The public markets units of Manulife Asset Management also provide investment management services to affiliates’ retail clients through product offerings of Manulife and John Hancock. John Hancock Asset Management and Declaration Management and Research are units of Manulife Asset Management. Additional information about Manulife Asset Management may be found at ManulifeAM.com.

About Manulife

Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2014, we had 28,000 employees, 58,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of June 2015, we had $883 billion (US$708 billion) in assets under management and administration, and in the previous 12 months we made more than $22 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as ‘MFC’ on the Toronto, New York, and the Philippine stock exchanges and under ‘945’ in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.

HNRG celebrates 30th anniversary
2014
Hancock Natural Resource Group and Masisa Form Forestry Company In Chile

2014

Hancock Natural Resource Group and Masisa Form Forestry Company In Chile

SANTIAGO, CHILE (April 29, 2014)—Following the agreement between the U.S.-based Hancock Natural Resource Group (HNRG) and MASISA that was signed in March, today both companies have signed the relevant contracts by which MASISA will sell to HNRG 80 percent of its forestry holdings covering approximately 62,000 hectares of land, 32,500 hectares of which are planted mostly with radiata pine.

In order to implement the transaction, MASISA transferred the forestry assets located in the areas of Temuco and Valdivia in Chile into a new Chilean company, Hancock Chilean Plantations. HNRG subscribed for 80 percent of the shares of said company, while Masisa retained ownership of the remaining 20 percent. MASISA received US$ 204,460,310, corresponding to the previously reported purchase price plus any qualifying adjustments.

This transaction will provide Masisa with a current consolidated EBITDA estimated at US$ 143.1 million, a net consolidated loss estimated at US$ 6.6 million, and a distributable net income of US$ 114.5 million.

As part of this transaction Hancock Chilean Plantations and MASISA have signed a long-term contract to supply raw materials to the MASISA wood panel facilities in Chile.

MASISA and HNRG have also signed a shareholder agreement regulating their rights and obligations in Hancock Chilean Plantations, which will provide MASISA with an option to purchase in the event that HNRG should wish to sell its shares in the company.

According to the CEO of MASISA, Roberto Salas, “this agreement will allow us to finance our growth plan for 2014 and 2015, strengthen our financial profile and to add a partner with outstanding global experience in the investment and management of forestry assets, which means an important contribution to the overall development of MASISA.”

Salas also added: “with these funds we will finance projects that have attractive return rates and that will contribute to the improvement of the company´s return on investment.”

“We are very pleased to partner with Masisa on this joint venture. We look forward to working with them for years to come, as our organizations share the same high standards for forest management, safety and environmental stewardship,” said HNRG CEO Dan Christensen. “We also are very pleased to acquire these excellent and highly productive forest plantations that are well-suited to our investors’ objectives.”

About the Hancock Timber Resource Group

Hancock Natural Resource Group, Inc., with headquarters in Boston, Massachusetts, United States, is a subsidiary of Manulife Financial Corporation. It manages approximately 2,600,000 hectares of timberland throughout the United States, Brazil, Canada, New Zealand and Australia on behalf of institutional investors globally. Additional information about Hancock Timber may be found at www.hancocktimber.com. All of the Hancock Timber Resource Group’s timberlands in the U.S. are managed by its wholly-owned subsidiary, Hancock Forest Management.

Hancock Farmland Services is launched
2011
Hancock Natural Resource Group Appoints Bill Peressini as Chief Financial Officer

2011

Hancock Natural Resource Group Appoints Bill Peressini as Chief Financial Officer

Industry Veteran Joins World’s Leading Timberland Investment Management Organization

Current CFO Mike Morgan To Retire In April After 12 Years With Organization

BOSTON, MA, (February 15, 2011) — Bill Peressini has been named Managing Director and Chief Financial Officer of the Hancock Natural Resource Group, Dan Christensen, HNRG’s Chief Executive Officer said today.

Mr. Perressini, whose appointment is effective immediately, will be replacing current CFO Mike Morgan, who is retiring after 12 years with the organization.

“We are very pleased to have Bill join us at HNRG as a key member of our leadership team. He brings a wealth of skill as well as experience in the timber industry to our organization,” Mr. Christensen said. “We wish Mike Morgan, who played a critical role in the rapid growth and success of HNRG during his tenure, all the best as he enters this new phase of his life.”

Mr. Perressini joins HNRG from Portland, Oregon-based Stimson Lumber, where has been Vice President and Chief Financial Officer since 2000. In addition to directing the finance and administrative units of the privately-held timber and forest products company, he was actively involved in all aspects of the operations of the business including acquisitions and financing. Previously, he had been Vice President and Treasurer of PacifiCorp.

Mr. Morgan will remain with HNRG as a consultant until April.

About the Hancock Timber Resource Group

The Hancock Timber Resource Group, a division of Hancock Natural Resource Group, Inc., an operating company of Manulife Asset Management, manages more than five million acres of timberland across the United States as well as in Brazil, Canada, New Zealand and Australia. Additional information about HTRG may be found at www.hancocktimber.com.

About Manulife Asset Management

Manulife Asset Management™ is the global investment management arm of Manulife Financial. Manulife Asset Management and its affiliates provide comprehensive asset management solutions for institutional investors and investment funds in key markets around the world. This investment expertise extends across a broad range of asset classes including equity, fixed income and alternative investments such as real estate, timber, farmland, as well as asset allocation strategies.

Manulife Asset Management has offices with full investment capabilities in the United States, Canada, the United Kingdom, Japan, Hong Kong, Singapore, Taiwan, Indonesia, Thailand, Vietnam, Malaysia, and the Philippines. In addition, it has a joint venture asset management business in China, Manulife TEDA. It also has operations in Australia, New Zealand, Brazil and Uruguay. As at March 31, 2011, assets under management for institutional clients were Cdn$211 billion (US$217 billion). Additional information about Manulife Asset Management can be found at ManulifeAM.com.

About Manulife Financial

Manulife Financial is a leading Canadian-based financial services group operating in 22 countries and territories worldwide. For more than 120 years, clients worldwide have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients around the world. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in life and property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were $478 billion (US$492 billion) as at March 31, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States. Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

Hancock Renewable Energy Group is founded
2004
Manulife Financial acquires John Hancock and HNRG
2003
Daniel P. Christensen Named President and Chief Operating Officer of Hancock Natural Resource Group

2003

Daniel P. Christensen Named President and Chief Operating Officer of Hancock Natural Resource Group

BOSTON, February 3, 2003 — Dan Christensen has been named President & Chief Operating Officer of Hancock Natural Resource Group, Inc., and a member of the HNRG Board of Directors, Chief Executive Officer Deborah McAneny announced today.

HNRG consists of two operations, the Hancock Timber Resource Group and the Hancock Agricultural Investment Group, both of which provide investment management services to institutional investors.

Mr. Christensen will take over day-to-day management of Hancock Timber and report directly to Ms. McAneny. Jeff Conrad, Managing Director of HAIG, will continue responsibility for the farmland investment division and also will report directly to Ms. McAneny.

“Dan brings 26 years of forestry and investment experience to our group and has served in a variety of positions with the Hancock Timber Resource Group over the past 11 years,” said Ms. McAneny. “His experience and leadership will serve HNRG well as it moves forward and refines its business focus to continue to serve its clients in a challenging environment.”

Prior to taking on this new role, he was Senior Vice President and Managing Director of Global Operations. He had been responsible for directing acquisitions, asset management and property management functions for the Hancock Timber Resource Group. He also was responsible for the oversight and development of the firm’s global carbon program.

He will remain chairman of Hancock Victorian Plantations, HNRG’s Australian operation, and as chairman and CEO of Hancock Forest Management, HNRG’s timber property management subsidiary.

HTRG, the world’s largest manager of timberland investments for institutions, is the fifth largest timberland owner in the United States. The firm oversees 3 million acres, worth $2.7 billion, in the Pacific Northwest, the Southeast and the Northeast United States; Victoria, Australia; and British Columbia, Canada.

Before joining HTRG in 1992, Mr. Christensen was vice president and general manager of Diamond Occidental Forest Inc. (formerly Diamond International Corporation, Northeast Timberlands-Old Town, Maine).

Mr. Christensen graduated from the University of Maine with a B.S. in Forest Engineering.

The Hancock Natural Resource Group is a wholly owned subsidiary of John Hancock Financial Services, Inc. (NYSE: JHF). Hancock and its affiliated companies, including John Hancock Life Insurance Company, provide a broad array of insurance and investment products and services to retail and institutional customers.

2002
Hancock Forest Management is formed
1999
Hancock Natural Resource Group Australia is formed
1995
Hancock Natural Resource Group (HNRG) is established; Hancock Timber Resource Group and Hancock Agricultural Investment Group become divisions of HNRG
1990
Hancock Agricultural Investment Group (HAIG) is established in Boston MA
1985
Hancock Timber Resource Group (HTRG) is established in Boston MA
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