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Manulife Investment Management has named a new global head of real assets and private markets, reflecting the growing interest for private market investments, the firm said on Monday.

Christoph Schumacher will take the newly created role, moving to Manulife from Credit Suisse Asset Management where he was global head of real estate.

Schumacher will be responsible for defining Manulife’s real assets strategy and developing investment solutions, the firm said in a release. He will unite Manulife’s real estate, infrastructure, timber and agriculture capabilities, overseeing US$42.9 billion in global assets. The heads of each of Manulife’s real asset teams will report to him.

“As more of our clients seek solutions across a broad range of alternative asset classes, Christoph’s acumen and experience will help ensure Manulife Investment Management continues to meet our clients’ needs and help drive strong investment performance over the long term,”  said Steve Blewitt, Manulife’s global head of private markets, in the release.

Schumacher plans to relocate to Boston, the release said.