12 September 2017, 13:30
Three months after the announcement of the replacement of Donald Guloien by Roy Gori as the new president and chief executive officer, and a few weeks after you have reviewed the remuneration of its senior management, the changes continue at Manulife.
The insurer has recently announced significant changes to its organizational structure and his management team, in order to ensure a » better coherence with its strategic priorities, to accelerate growth of the company, to optimise the activities related to older products in North America and take advantage of his talents everywhere in the world «.
«We are confident that the changes we make today will enable us to reach our full potential and fulfill our mission which is to help our clients realize their dreams and aspirations, said Roy Gori, president and next chief executive officer. First of all, these changes highlight the strong expertise of the members of the senior management team of Manulife, and would give us a strong position as we accelerate our transformation. «
Creation of wealth Management and assets, World
First of all, Manulife announced that it gathers in a prime area, » Management and heritage assets, World «, all of its units of wealth management and global asset. This will allow Manulife to seize important market opportunities and to take better advantage of its global scale and its talents.
This is Paul Lorentz has been appointed head, wealth Management and asset World. His appointment will take effect on October 1, 2017, and he will report to Warren Thomson, chief investment officer of Manulife.
Anil Wadhwani, CEO of Manulife Asia
In addition, Manulife has created an executive position whose holder is directly responsible for the former products of Manulife in North America, closed for subscription. These important activities of the Company include the former annuity contracts, insurance for long-term care and some insurance products that are guaranteed in the long term.
This is Naveed Irshad , who has been appointed chief, Former products, North America. His appointment will take effect on January 1, 2018.
Manulife has also announced several appointments to key leadership positions to continue to fuel its growth and the leveraging of talent across the company. Anil Wadhwani has been appointed to the position of president and chief executive officer of Manulife Asia. His appointment will take effect on November 13, 2017.
Marianne Harrison, president and CEO of John Hancock
In addition, Marianne Harrison has been appointed to the position of president and chief executive officer of John Hancock, the us division of Manulife. His appointment will take effect on October 1, 2017. Ms. Harrison is currently the president and chief executive officer of Manulife Canada.
For his part, Michael Doughty has been appointed to the position of president and chief executive officer of Manulife Canada. His appointment will take effect on October 1, 2017. Mr. Doughty has held since last may the position of president and interim chief executive of John Hancock. He was previously the head of John Hancock Insurance.
The departure of Steve Roder
Steve Roder, chief financial officer of Manulife, has decided to retire on December 31, 2017 for personal reasons. This is Philip Witherington, currently the chairman and interim chief executive of Manulife Asia, which has been appointed chief financial officer of Manulife. His appointment will take effect on January 1, 2018, subject to the approval of the authorities in immigration matters.
Manulife has also made the decision to elevate the position of chief actuary to reflect the importance of this function to the success of the Company. Therefore, Steven Finch, chief actuary of Manulife, will report directly to Mr. Gori, effective January 1, 2018.
«Manulife initiates a process of transformation, and today’s announcement marks a very important step and positive in this regard,» said Donald Guloien, chief executive officer out of Manulife.