Manulife Names Steve Finch Asia President and CEO

TSX/NYSE/PSE: MFC SEHK: 945

Former Chief Actuary to Succeed Phil Witherington EffectiveMay 9th

TORONTOand HONG KONG ,March 18, 2025/PRNewswire/ -- Manulife announced thatSteve Finchhas been appointed President and CEO of Manulife Asia, effectiveMay 9th. Mr. Finch succeedsPhil Witheringtonwho has been appointed Manulife's President and CEO, also effectiveMay 9th.

Mr. Finch currently serves as Manulife's Chief Actuary and has been a member of Manulife's Executive Leadership team since 2016.

Mr. Finch has contributed significantly to Manulife's transformation and financial performance, including through several historic transactions that validated the prudence of the company's reserves, and supporting the transition to IFRS 17 and IFRS 9 accounting standards. He is a proven leader across both functional and commercial areas of Manulife's business. Previously, he served as the Chief Financial Officer ofJohn Hancock, Manulife's US business, and prior to that, he served as the General Manager of the company's US Life Insurance business, leading the business to be the market leader in life insurance sales. Mr. Finch has served in additional roles including in reinsurance, product development, and marketing across his 32-year tenure with Manulife. He is a graduate of Queen's University and holds a B.ScH in Statistics. He is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries.

"Steve has helped deliver our transformation and drive strong financial performance, reshaping our portfolio towards higher return and lower risk and validating the prudence of our reserves,"saidRoy Gori, President and CEO of Manulife."We have bold ambitions forAsia, and his deep appreciation of our business at a commercial and functional level, strong knowledge of our products and distribution channels acrossAsia, and passion for leading teams will help accelerate our growth agenda for this critical part of our business."

"Steve is a proven leader who has developed our actuarial talent globally into one of the best teams in the industry,"said Mr. Witherington."He'll bring that same approach to supporting our team inAsia, helping us drive high-quality, sustainable growth and achieve our ambition to be the number one choice for customers and contribute more than 50 percent of Manulife's core earnings – a goal we're well on track to achieve."

The successor for Chief Actuary will be announced in due course and Mr. Finch will work withthat leaderto ensure a seamless transition.

About Manulife  

Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters inToronto, Canada, we operate as Manulife acrossCanada,Asia, andEurope, and primarily asJohn Hancockinthe United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth& Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as'MFC'on theToronto,New York, and the Philippine stock exchanges, and under'945'in Hong Kong. 

 

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Media Contact

Anne Hammer

Manulife

201-925-1213

ahammer@manulife.com

Investor Relations

Hung Ko

Manulife

416-806-9921

hung_ko@manulife.com 

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SOURCE Manulife Financial Corporation