Manulife Wealth and Asset Management (Manulife WAM) has announced the appointment of Fabio Fontainha as its new head of Wealth & Asset Management, Asia, effective February 2025. He succeeds Michael Dommermuth, who will depart at the end of the year after two decades of leadership in expanding the firm’s presence across Asia.
Paul Lorentz, president and CEO of Manulife WAM, expressed confidence in Fontainha’s ability to build on the company’s strong momentum in Asia, citing his deep expertise in key areas of focus for the business. Fontainha’s leadership is expected to further enhance Manulife WAM’s regional strategy, which includes delivering tailored investment solutions to institutional, retail, and retirement customers.
Fontainha, a seasoned executive with over 30 years of experience, joins from Citigroup, where he held various senior roles, including Global Business Execution head at Citi Private Bank. His extensive career has spanned markets across Asia, Latin America, Europe, and the Middle East, with leadership positions in retail banking and wealth management.
In his new role, Fontainha will oversee Manulife WAM’s strategic growth in Asia and collaborate with regional leaders to strengthen the firm’s capabilities. He will be based in Hong Kong and report to both Paul Lorentz and Phil Witherington, President and CEO of Manulife Asia.
Manulife WAM is positioning itself to capitalize on global megatrends such as the retirement savings gap and growing demand for investment solutions, which are expected to drive organic growth in the coming years.
