Seven finalist teams presented business plans to a panel of
TSX/NYSE/PSE: MFC SEHK:945
TORONTO, May 22, 2013 /CNW/ - The Manulife: Entry into Asia Challenge
top three prize winners have been selected. The winners were announced
yesterday at an awards ceremony at Manulife's head office in Toronto.
Seven finalist teams of business school students presented their
business plans submissions to an elite panel of international judges,
with First Prize of $100,000 awarded to:
New Horizons (Aisha Bukhari, Aristotle Solomon, Lak Chinta and Peter
Cinat) from the Rotman School of Management at the University of
Toronto who worked on a Community Energy Storage plan for Japan.
Second and third place prizes of $50,000 and $20,000, respectively were
also awarded. The recipients were:
Lumi Strategists (Jiemi Gao and Kevin Zhou) from the Richard Ivey School
of Business at the University of Western Ontario who worked on a
medical technology plan for China.
Frontier Consulting (Ryan Appotive, Melita Cyril, Ian Sin and Leslie
Wong) from the Rotman School of Management at the University of
Toronto, who worked on a telecommunications plan for Myanmar.
The Manulife: Entry into Asia Challenge asked undergraduate and graduate
business school students at Canadian universities to create a business
plan for a Canadian small or medium-sized enterprise (SMEs) to expand
into any market in Asia. Competing teams demonstrated their ability to
think strategically about entry into Asian markets while demonstrating
their understanding of the unique attributes, challenges and realities
facing Canadian SMEs.
"I would like to thank all of the students and business owners who
responded and entered the Manulife: Entry into Asia Challenge. We hope
all of the entrants will succeed in turning their business plans into
successful ventures in Asia and ignite the imagination of Canadian
businesses overall," says Manulife Financial President and Chief
Executive Officer Donald Guloien. "I would also like to thank the
judges and the Rotman School of Management for their role in making
this a success."
The judges of the Manulife: Entry into Asia Challenge were:
Ramona Cheng: Executive Director of Ernst & Young and the Americas Markets Leader of
Ernst & Young's China Business Network.
Philip Leong: Vice President and Director, and Chairman's Council member at RBC
Dominion Securities and represents Canada in the Asia Pacific Economic
Cooperation (APEC) Business Advisory Council.
Jacqueline Sava: Founder and Director of Possibilities of Soak Wash Inc., whose products
are exported to Japan.
This one-time only competition was sponsored by Manulife Financial and
managed by the University of Toronto's Rotman School of Management.
About Manulife Financial
Manulife Financial is a leading Canada-based financial services group
with principal operations in Asia, Canada and the United States.
Clients look to Manulife for strong, reliable, trustworthy and
forward-thinking solutions for their most 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 Financial and its subsidiaries were C$555 billion (US$547
billion) as at March 31, 2013. The Company operates as Manulife
Financial in Canada and Asia and primarily as John Hancock in the
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the
Internet at manulife.com.
About the Rotman School of Management
The Rotman School of Management at the University of Toronto is
redesigning business education for the 21st century with a curriculum
based on Integrative Thinking. Located in the world's most diverse
city, the Rotman School fosters a new way to think that enables the
design of creative business solutions. The School is currently raising
$200 million to ensure that Canada has the world-class business school
it deserves. For more information, visit www.rotman.utoronto.ca.
SOURCE: Manulife Financial Corporation
For further information:
Sean B. Pasternak
Rotman School of Management