The Competition Bureau has approved Manulife Financial's acquisition of the Canadian-based operations of Standard Life.
Manulife Financial has reported third quarter net income of $1.1 billion, a 6.4% increase over last year.
Manulife's American division, John Hancock, has acquired an office tower in Orange County, Calif., for an undisclosed amount.
Manulife and Ivanhoé Cambridge, the Caisse de dépôt et placement du Québec's real estate subsidiary, have entered into a co-venture agreement to develop, own and operate the 900 de Maisonneuve West office building development project in downtown Montreal.
Manulife Asset Management Private Markets has named Michael J. McNamara as senior managing director and global head of real estate investments.
Manulife Asset Management has named Megan E. Greene as managing director and chief economist.
John Hancock, the U.S. division of Manulife Financial Corp., has acquired a Chicago office building for US$244 million.
Manulife has completed its previously announced offerings of subscription receipts, raising a total of about $2.26 billion.
Manulife Asset Management has named Allan Hutton as managing director, business development, for Ontario.
Manulife Financial's proposed $4-billion deal to buy Standard Life's Canadian operations will help improve its core lines of business, says one analyst.