Charles Guay will become president and CEO of Manulife Quebec and executive vice-president, institutional markets, at Manulife Canada once the acquisition of the Canadian-based operations of Standard Life closes.
The transaction is expected to close in the first quarter of 2015.
In the newly created role of president and CEO of Manulife Quebec, he will be responsible for developing and implementing a strategy to significantly increase Manulife’s presence, visibility and impact in Quebec.
As executive vice-president, institutional markets, Guay 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.
Guay succeeds Rick Brunet, executive vice-president, who will focus solely on leading the integration of Standard Life Canada.
“Charles is well known in the industry from his great work at Standard Life,” says 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.”
Guay has been president and CEO of Standard Life Canada since January 2012. Before joining Standard Life, he held several executive positions with National Bank of Canada, including president and CEO of National Bank Securities.
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