Manulife Asset Management has hired Jason Fromer as managing director and head currency trader, a new position at the firm.
Manulife Bank plans to install about 830 automated banking machines (ABMs) in select Mac's, Couche-Tard and Circle K locations across Canada.
Manulife's U.S. division, John Hancock Financial, has successfully completed its reinsurance transaction through which New York Life has assumed, on a reinsurance basis, a net 60% interest in John Hancock's in-force participating life insurance closed block, which was written prior to John Hancock's demutualization in 2000.
Manulife Asset Management has promoted Michael Reid to the newly created role of senior strategist, pension solutions, within the firm's investment solutions team, effective June 15.
Manulife Asset Management Private Markets, the private asset management arm of Manulife, has made three senior appointments.
Manulife Asset Management has appointed Claude Chene as global head of distribution, effective July 1, 2015.
Manulife has reported net income of $723 million in the first quarter of 2015, compared with $818 million in the year-ago quarter.
Manulife is adopting a cost-cutting strategy other big corporations have used to great effect, reports Bloomberg.
Manulife's U.S. division, John Hancock Financial, has successfully completed its previously announced acquisition of New York Life's Retirement Plan Services business.
Manulife has appointed Dr. Laureen Rance as its first-ever director of pharmaceutical relations.