Manulife has appointed Stephanie Fadous as the corporate’s chief actuary, succeeding Steve Finch.
Final month, the corporate named Finch because the president and CEO for Asia.
Finch will take over the position from Phil Witherington, who has been named president and CEO of Manulife, with the present CEO set to retire.
All of the talked about appointments will probably be efficient from 9 Could 2025.
In her new capability, Fadous will probably be a part of Manulife’s govt management crew and can report back to Witherington.
Witherington added: “I’m happy to be welcoming Stephanie to our Government Management Workforce. Her skill to drive significant outcomes and robust concentrate on delivering outcomes will additional strengthen our proficient, international crew.”
Fadous is presently Manulife’s international treasurer and head of capital administration, and she or he has been creating international funding methods and managing the corporate’s relationships with score businesses and banks.
Fadous’ expertise with Manulife additionally contains main international implementation of the IFRS 17 and IFRS 9 accounting requirements.
Her profession at Manulife has spanned varied roles throughout international finance, group actuarial, company growth and asset legal responsibility administration groups.
Manulife CEO and president Roy Gori stated: “Stephanie’s deep understanding of our firm, dedication to main with our values and unwavering concentrate on steady development will serve her effectively as Chief Actuary.”
Presently, Manulife international head of investor relations Hung Ko will tackle the position of world head of treasury and investor relations, succeeding Fadous.
Ko has greater than 20 years of expertise within the insurance coverage trade.
Manulife Monetary reported internet earnings of $1.64bn (C$2.28bn) attributable to shareholders for the fourth quarter of 2024, a lower from $1.66bn in the identical quarter of the earlier 12 months.
The corporate’s internet earnings attributed to shareholders for the complete 12 months elevated by 5%, reaching $5.4bn, up from $5.1bn in 2023.
