The Caisse de dépôt et placement du Québec has announced a $500 million equity investment in Manulife Financial.
Manulife Financial has entered into an agreement to acquire the Canadian-based operations of Standard Life for about $4 billion in cash.
Manulife has entered into an exclusive partnership with healthcare provider Bayshore HealthCare to deliver a specialty drug care program, which features drug case management services and a preferred provider network.
Manulife Asset Management has announced the expansion of its asset allocation investment capability with the appointment of Peter Warnes as international head of its portfolio solutions group.
Voluntary retirement savings plans from Sun Life Financial and Manulife Financial are now available to employers.
Manulife has received administrator approval for the voluntary retirement savings plan (VRSP) in Quebec by the Autorité des marchés financiers (AMF).
Manulife Asset Management has named Craig Bethune and Diana M. Racanelli as portfolio managers on a new global natural resources equity team.
Kai Sotorp has been appointed president and CEO of Manulife Asset Management and executive vice-president and global head of wealth and asset management.
Manulife Asset Management won a series of institutional mandates during the first quarter of 2014, which brought in more than US$2.5 billion ($2.7 billion) in new assets.
Manulife Financial has reported first quarter earnings of $818 million, up 51% over the same period last year.