Manulife has appointed its chief actuary Steve Finch as president and chief executive officer in Asia, effective May 9th.
Finch (pictured) will be succeeding Phil Witherington who has been appointed as Manulife’s global president and CEO, also effective May 9th.
These leadership changes come as the Canadian insurer continues efforts to expand its presence in the Asia region.
Roy Gori, President and CEO of Manulife said: “We have bold ambitions for Asia, and his deep appreciation of our business at a commercial and functional level, strong knowledge of our products and distribution channels across Asia, and passion for leading teams will help accelerate our growth agenda for this critical part of our business.”
“Steve is a proven leader who has developed our actuarial talent globally into one of the best teams in the industry,” Witherington added.
“He’ll bring that same approach to supporting our team in Asia, helping us drive high-quality, sustainable growth and achieve our ambition to be the number one choice for customers and contribute more than 50 percent of Manulife’s core earnings – a goal we’re well on track to achieve.”
Previously, Finch served as the CFO of John Hancock, Manulife’s US business, and prior to that, he served as the general manager of the company’s US Life Insurance business.
He has been with Manulife for 32 years and is a graduate of Queen’s University, holding a B.ScH in Statistics. He is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries.
