BOSTON (September 5, 2017)—Tom Sarno has been named Managing Director of Timberland and Farmland Operations for the Hancock Natural Resource Group, HNRG Chief Executive Officer Bill Peressini said today.
In the newly created position, Mr. Sarno will be responsible for overseeing the global property management operations of the Hancock Timber Resource Group (HTRG) and Hancock Agricultural Investment Group (HAIG).
Based in Charlotte, NC, he will report to both HTRG President Brent Keefer and HAIG President Oliver Williams, and become a member of the HNRG Executive Committee.
Before taking on this role, Mr. Sarno was HTRG’s Director of Global Operations, responsible for the timber group’s property management operations of 5.8 million acres of timberland in the United States, Canada, Chile, Australia and New Zealand. HAIG has approximately 300,000 acres of farmland under management in the Australia, Canada and the United States.
“Tom’s experience, skill and background uniquely position him for this vital role in our organization,” Mr. Peressini said. “Both the timber and agricultural groups will benefit from Tom’s experience in leading, developing and managing best-in-class property management organizations as well as having the benefit of his insight on the HNRG Executive Committee.”
“Having one unified property-management leader for both areas will provide for better efficiencies, resource allocation and sharing of best practices,” Peressini added, “especially in areas that are not domain-specific, such as health, safety, environment, stewardship, sustainability, client return and enhancement strategies, management development and succession planning, risk-management, and resource planning and analysis.”
Mr. Sarno, who joined HNRG in 2004, has served in a number of roles in the organization including Senior Portfolio Manager; General Manager, Southern Division, and Mid-Atlantic Region Manager for Hancock Forest Management. Before joining HNRG, he had worked for International Paper and at Champion International Corporation.
He graduated from the University of Florida with a B.S.in Forest Resources and Conservation.
About the Hancock Timber Resource Group
The Hancock Timber Resource Group, founded in 1985, is a division of Hancock Natural Resource Group, Inc., a unit of Manulife Asset Management Private Markets. Based in Boston, it manages approximately 5.8 million acres of timberland in the United States, Brazil, Chile, Canada, New Zealand and Australia on behalf of investors worldwide. Additional information about Hancock Timber may be found at www.hancocktimber.com.
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 and oil and gas. Manulife Asset Management Private Markets also partners with Manulife’s specialized private asset investment teams to invest in private placement debt, commercial mortgages, private equity and mezzanine debt. 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, 2017, Manulife’s assets under management in private asset classes were C$114 billion (US$88 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 Manulife Financial Corporation is a leading international financial services group that helps people achieve their dreams and aspirations by putting customers’ needs first and providing the right advice and solutions. We operate as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2016, we had approximately 35,000 employees, 70,000 agents, and thousands of distribution partners, serving more than 22 million customers. As of June 30, 2017, we had over $1 trillion (US$780 billion) in assets under management and administration, and in the previous 12 months we made $26.7 billion in 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.