Manulife Financial's U.S. division and New York Life have entered into an agreement under which John Hancock will acquire New York Life's retirement plan services business. In addition, New York Life has agreed to assume, on a reinsurance basis, 60% of certain John Hancock life insurance policies.
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.
Manulife Asset Management Private Markets has entered into an arrangement with Allianz to co-invest up to $1 billion in U.S. real estate.
The Royal Canadian Mounted Police and Autorité des Marchés Financiers have raided the Montreal offices of Amaya Gaming Group Inc., Canaccord Genuity and Manulife Financial.
Roy Gori has been appointed president and CEO of Manulife Asia, effective March 1, 2015.
The Competition Bureau has approved Manulife Financial's acquisition of the Canadian-based operations of Standard Life.
Manulife Financial has reported third quarter net income of $1.1 billion, a 6.4% increase over last year.
Manulife's American division, John Hancock, has acquired an office tower in Orange County, Calif., for an undisclosed amount.
Manulife and Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec's real estate subsidiary, have entered into a co-venture agreement to develop, own and operate the 900 de Maisonneuve West office building development project in downtown Montreal.
Manulife Asset Management Private Markets has named Michael J. McNamara as senior managing director and global head of real estate investments.