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September 14, 2017updated 15 Sep 2017 11:23am

Manulife appoints new Asia CEO

Canadian financial services group Manulife has appointed Anil Wadhwani as the new president and CEO of Manulife Asia, effective 13 November 2017.

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Gain valuable insight on the Motor Insurance industry outlook for Asia Pacific

Asia-Pacific was the fastest-growing region globally during the review period (2016-2020), recording growth at a CAGR of 2.7%. China was the market leader, accounting for 52.9% of the region’s motor insurance premiums in 2020. To help you make the most of this significant growth, GlobalData’s has put together a comprehensive overview of the Asia Pacific motor insurance industry, including market sizing and forecasts. Read ‘Motor Insurance Industry Outlook in Asia Pacific’ for:
  • Analysis of leading insurers in the region
  • Details on regulatory requirements, including licensing rules, capital requirements, taxation regimes, and ownership quotas
  • Analysis of the impact of COVID-19 on the industry
  • Insight into key trends, technology developments, and potential disruptors in the motor insurance industry
  • Recent M&A activity in the motor insurance industry
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In his new role, Wadhwani will be responsible for managing next phase of Manulife’s growth strategy in Asia Pacific region. Prior to this, Wadhwani was acting as the global head of operations for Citi’s consumer bank, based in New York. He has worked around 25 years with Citi, mainly in growth roles across consumer banking in Asia.

The company has named Philip Witherington, who is presently serving as president and CEO of Manulife Asia, as its new CFO. Witherington will accept the new role effective 1 January 2018, subject to immigration approvals.

Prior to joining Manulife, Witherington worked as the Asia-Pacific head of finance for retail banking and wealth management at HSBC.

Additionally, Manulife also created new dedicated leadership role for closed legacy businesses in North America. The company has named Naveed Irshad as the new head of North America Legacy Business, effective 1 January 2018. At present, Irshad acts as the CEO of Manulife Singapore.

Marianne Harrison, currently president and CEO of Manulife Canada, has been named president and CEO of Manulife’s US arm, known as John Hancock.

On the other hand, Michael Doughty, interim president and CEO of John Hancock, has now been named president and CEO of Manulife Canada. Both Harrison and Doughty will assume their new roles next month.

Furthermore, the company has also announced plans to overhaul its wealth and asset management operations by consolidating them into a primary reporting segment to be known as Global Wealth and Asset Management to be headed by Paul Lorentz.

Manulife president and incoming CEO Roy Gori said: “We are confident that the changes we are making today will enable us to achieve our significant potential and deliver on our purpose of helping customers achieve their dreams and aspirations.”

Free Report
img

Gain valuable insight on the Motor Insurance industry outlook for Asia Pacific

Asia-Pacific was the fastest-growing region globally during the review period (2016-2020), recording growth at a CAGR of 2.7%. China was the market leader, accounting for 52.9% of the region’s motor insurance premiums in 2020. To help you make the most of this significant growth, GlobalData’s has put together a comprehensive overview of the Asia Pacific motor insurance industry, including market sizing and forecasts. Read ‘Motor Insurance Industry Outlook in Asia Pacific’ for:
  • Analysis of leading insurers in the region
  • Details on regulatory requirements, including licensing rules, capital requirements, taxation regimes, and ownership quotas
  • Analysis of the impact of COVID-19 on the industry
  • Insight into key trends, technology developments, and potential disruptors in the motor insurance industry
  • Recent M&A activity in the motor insurance industry
Improve your business strategy with our extensive report. Download it for free, now.
by GlobalData
Enter your details here to receive your free Report.

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