Canada’s Manulife Investment Management has appointed Nick Ping as deputy chief investment officer for its timberland investment team.
The company manages approximately 6 million acres of timberland across the US, Canada, New Zealand, Australia, Brazil and Chile as part of its comprehensive private markets strategies.
Ping, who has worked at Manulife Investments for 14 years, succeeds Tony Cascio, who is retiring at the end of the month, the company says in a statement on July 15.
Based in Melbourne, Australia, Ping will be responsible for developing new investment strategies and growth initiatives, and identifying and mitigating risk exposures related to the timberland investment process, products and client investments.
He reports to Tom Sarno, the global head of timberland investments.
Ping was previously managing director, institutional business, Asia Pacific, timberland and agriculture and, before that, vice president, business development and resource planning Australasia.
He joined Manulife Investment in 2008 from Swedish consultancy and engineering firm Pöyry Management Consulting, where he was a senior consultant.
Toronto-based Manulife Investment Management had US$1.1 trillion of assets under management as of end-2021.
