Manulife Names Steve Finch Asia President and CEO

Core Viewpoint - Manulife has appointed Steve Finch as President and CEO of Manulife Asia, effective May 9th, succeeding Phil Witherington, who will take on the role of Manulife's President and CEO on the same date [1][2]. Group 1: Leadership Transition - Steve Finch has been a significant contributor to Manulife's transformation and financial performance, playing a key role in historic transactions and the transition to IFRS 17 and IFRS 9 accounting standards [2][3]. - Finch has a 32-year tenure with Manulife, having previously served as Chief Financial Officer of John Hancock and General Manager of the US Life Insurance business, where he led the company to become a market leader in life insurance sales [2][3]. Group 2: Strategic Goals - Manulife aims for bold ambitions in Asia, with Finch's deep understanding of the business and passion for leadership expected to accelerate growth in this critical region [3]. - The company aspires for Asia to contribute more than 50 percent of its core earnings, a goal that is reportedly on track to be achieved [3]. Group 3: Company Overview - Manulife Financial Corporation is a leading international financial services provider, operating under the Manulife brand in Canada, Asia, and Europe, and as John Hancock in the United States [4]. - As of the end of 2024, Manulife had over 37,000 employees and served more than 36 million customers globally [4].