Sue Reibel succeeds Guay as Executive Vice President and General Manager of Institutional Markets in June
TSX/NYSE/PSE: MFC SEHK:945
MONTREAL, April 25, 2016 /CNW/ - Manulife today announced that Charles Guay, Executive Vice President and General Manager, Institutional Markets, Manulife Canada and President and CEO, Manulife Quebec, will be succeeded by Sue Reibel as Executive Vice President and General Manager of Institutional Markets in June 2016. A search is under way for a new leader for Manulife in Quebec.
"Charles decided that he wanted to take some time to focus on his young family," said Marianne Harrison, Senior Executive Vice President and General Manager, Canadian Division. "I respect and understand his decision and I want to thank Charles for his critical role of integrating Standard Life's operations into Manulife, increasing our presence within Quebec and leading our Institutional Markets business."
"We are committed to continuing to build a dynamic business in Quebec and therefore Charles has agreed to remain in his role as President and CEO, Manulife Quebec, until such time that a new leader for Quebec can be appointed. We continue to have a significant number of senior level positions in Quebec, focused on our national business, and in some cases, on our global business," added Harrison.
In February 2015, Charles Guay became Executive Vice President and General Manager of the Institutional Markets, Manulife Canada and President and Chief Executive Officer of Manulife Québec, following the acquisition of the Canadian operations of Standard Life by Manulife. He was a member of Manulife's Management Committee and the Global Wealth Council. He had been President and Chief Executive Officer of Standard Life Canada since 2012, where he led a successful business transformation, making Standard Life a leading savings and investment service provider.
"My last year with Manulife has been a great experience," said Charles Guay. "We had to plan thoroughly and execute a successful integration strategy for both Standard Life employees and the business while leading an extraordinary group of people to continue to reinforce our leadership in Group Benefits and Retirement and in the Affinity business. We also developed a Quebec specific regional strategy to expand Manulife's presence and impact in the province."
"Working at Manulife has been a great opportunity to meet and work with incredible and talented people, including Marianne Harrison, whom I'm grateful for her leadership and openness. I have no doubt in their future success and wish them all the best," added Guay.
"Charles has impressed us a great deal in a very short period of time, he has acquitted his role with distinction and is leaving on the best of terms," said Donald A. Guloien, President and Chief Executive Officer, Manulife. "Charles is a great leader and a talented executive. We would be delighted to have him back at some time in the future should his circumstances change."
Guay has extensive experience in financial services. Before joining Standard Life, he had spent ten years at National Bank of Canada where he held several executive positions, including President and Chief Executive Officer of National Bank Investments and Senior Vice-president Strategy, Marketing and Investment Solutions for the Bank Wealth management sector. He also worked at Fidelity Investments Canada and at RBC Dominion Securities. He is a Fellow of the Canadian Securities Institute and has been a recipient of the prestigious top 40 under 40 Awards in 2005.
Guay is also very active in his community both personally and professionally for Manulife. He is currently a director of Canada's third largest construction company, Pomerleau, the Orchestre symphonique de Montréal (OSM) and the Sainte-Justine Hospital Foundation. He is a governor of Finance Montréal, the Jeune Chambre de commerce de Montréal and Forces AVENIR. He also serves on the Advisory Committee of Cossette, the Standing Committee on Québec Affairs of the Canadian Life and Health Insurance Association and the Advisory Committee of the school for executive education École des dirigeants HEC Montréal. Every year, he helps with fundraising activities on behalf of various institutions and charities such as Université Laval, Centraide, Maisonneuve-Rosemont and Sainte-Justine Hospitals, Procure and Heritage Montréal.
Sue Reibel will assume her new duties in June 2016. Sue has spent 13 years in the institutional business and brings extensive expertise in pension reform and drug benefits as well as experience in leading the integration of large businesses. She currently leads the Consumer Solutions team which is responsible for growing Manulife's relationship with current customers and working directly with Canadian consumers to meet their financial needs with innovative, simple solutions. Reibel will be based in Waterloo.
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide financial advice, insurance and wealth and asset management solutions for individuals, groups and institutions. At the end of 2015, we had approximately 34,000 employees, 63,000 agents, and thousands of distribution partners, serving 20 million customers. At the end of December 2015, we had $935 billion (US$676 billion) in assets under management and administration, and in the previous 12 months we made more than $24.6 billion in benefits, interest and other payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong. Follow Manulife on Twitter @ManulifeNews or visit www.manulife.com or www.johnhancock.com.
SOURCE Manulife Financial Corporation
For further information: Media Contact: Anne-Julie Gratton, Manulife, 514-499-7999 ext. 308150, Anne-Julie_Gratton@manulife.com