Manulife Financial has launched a new product intended to help Canada’s smallest employers provide workplace health benefits, which are typically out of reach for them.
Robert Chepelsky has joined Manulife Asset Management as a managing director and product manager.
Michael W. Bell has joined State Street as executive vice-president and member of its management committee. And he will assume the role as chief financial officer in August.
On Thursday, Manulife Financial Corp. and The Manufacturers Life Insurance Company announced the election of Richard B. DeWolfe as chair of the board, effective immediately.
Manulife Mutual Funds will no longer accept new or additional investments into 11 of its corporate class funds and pools.
Manulife Financial today announced an agreement to acquire independent financial planning firm Wellington West Financial Services Inc., from National Bank Financial Group. The deal will add 39 financial advisors and approximately $900 million in assets under administration to Manulife Securities.
Manulife Asset Management has obtained a cross-border investment advisory licence in Korea and has hired Peter Kim, managing director, head of institutional sales, Korea, to bring forth the company’s global expertise in traditional and alternative asset classes to institutions in the country.
Manulife’s Canadian Division is undergoing some restructuring.
Manulife Financial Corp. showed a $1.2-billion profit in the first quarter of 2012—a 22% jump from the comparable period of 2011 and a sharp contrast to the $69-million loss it reported in the fourth quarter.
Manulife Asset Management has revamped its website, manulifeAM.com. The firm says the redesign will help to strengthen brand identity and better serve institutional investors and consultants.