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.
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
For further information:
Sean B. Pasternak