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Attention Business Editors
Manulife Investments names senior executive to lead Canadian investment growth strategy
WATERLOO, ON, March 11 /CNW/ - Paul Lorentz has been named Senior Vice
President, Investment Products and President, Manulife Investments to lead
Manulife's future growth strategy for investment products in Canada.
As President of Manulife Investments, Mr. Lorentz will lead the
organization that specifically focuses on investment fund products, including
segregated funds, mutual funds, annuities and guaranteed products.
"This is a new senior executive position in our Canadian business that
reflects our view that our Wealth Management business holds tremendous
potential," said Roy Firth, Executive Vice President, Individual Wealth
Management, Manulife Financial. "We are strategically focusing on our wealth
operations to ensure we are well-positioned to leverage these opportunities.
"Already we have expanded the breadth of our operations through
acquisitions, invested in developing innovative products and strengthened our
distribution channels for this market."
Manulife recently acquired AIC retail funds and Berkshire-TWC Financial
Group and is recognized as an industry leader for its innovative and
award-winning products.
Mr. Firth added: "Paul brings excellent insight into the opportunities
and challenges facing advisors and is uniquely and ideally suited to this new
position. As well, he brings an extensive understanding of our business
through senior product positions in Individual Insurance, Group Savings &
Retirement Solutions and, most recently, as Senior Vice President,
Distribution."
Mr. Lorentz, who has worked in various Manulife businesses since joining
the company in 1993, most recently led Manulife's Distribution organization
that delivers the expertise, service and information to support Manulife's
many distribution partners and more than 40,000 advisors across the country.
For more information about Manulife Investments, please visit
www.manulifeinvestments.ca
About Manulife Investments
Manulife Investments is the brand name describing certain Canadian
subsidiaries and operating divisions of Manulife Financial Corporation that
offer personal wealth management products and services in Canada. As one of
Canada's leading integrated financial services providers, Manulife Investments
offers a variety of products and services including segregated funds, mutual
funds, annuities and guaranteed investment contracts.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 22 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers customers a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn $440 billion
(US$ 420 billion) as at December 31, 2009.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '945' on the SEHK. Manulife Financial can be found on the Internet
at www.manulife.com.
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/For further information: Media contact: Tom Nunn, Manulife Financial,
(519) 594-8578, tom_nunn@manulife.com/
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