TSX/NYSE/PSE: MFC SEHK:945
WATERLOO, ON, Dec. 16, 2014 /CNW/ - Manulife today announced that upon
successful completion of the acquisition of the Canadian-based
operations of Standard Life plc, Charles Guay will become President and
Chief Executive Officer, Manulife Québec and Executive Vice President,
Institutional Markets, Manulife Canada. The transaction is expected to
close in the first quarter of 2015.
In the newly-created role of President and Chief Executive Officer,
Manulife Québec, Mr. Guay will be responsible for developing and
implementing a strategy to significantly increase Manulife's presence,
visibility and impact in Québec.
As Executive Vice President, Institutional Markets, he will lead the
Canadian Division's Group Benefits, Group Savings and Affinity Markets
business nationally. He will be responsible for furthering Manulife's
leadership position in that sector. Mr. Guay succeeds Rick Brunet,
Executive Vice President, who will focus solely on the critical role of
leading the integration of Standard Life Canada.
"Charles is well known in the industry from his great work at Standard
Life," said Marianne Harrison, Senior Executive Vice President and
General Manager, Canadian Division. "Our customers and distribution
partners will benefit from his experience in the institutional
business, and he will provide proven leadership to our team."
Charles Guay has been President and CEO of Standard Life Canada since
January 2012. He leads all of Standard Life's Canadian strategy and
operations in the company's key market segments of group retirement and
insurance, as well as retail investment solutions.
Before joining Standard Life, he held several executive positions with
National Bank of Canada, including President and CEO of National Bank
Securities. He played a key role in wealth management development,
helping the institution enter new markets and experience rapid growth.
Mr. Guay, 42, holds a bachelor degree in business administration from
Université Laval (1994) and is a Fellow of the Canadian Securities
Institute.
About Manulife
Manulife is a leading Canada-based financial services group with
principal operations in Asia, Canada and the United States. We operate
as John Hancock in the U.S. and as Manulife in other parts of the
world. We provide strong, reliable, trustworthy and forward-thinking
solutions for our customers' 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. We also provide asset management services to
institutional customers. Funds under management by Manulife and its
subsidiaries were approximately C$663 billion (US$591 billion) as at
September 30, 2014.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife can be found on the Internet at manulife.com.
SOURCE Manulife Financial Corporation
