Tokyo - Manulife Life Insurance Company (“Manulife Japan”) (President and Chief Executive Officer: Geoff Crickmay) is pleased to announce the appointment of Craig Bromley as President and Chief Executive Officer of Manulife Japan, effective December 29, 2007. The current President and CEO of Manulife Japan, Geoff Crickmay, is entering retirement after 37 years of service to Manulife Financial.
Mr. Bromley currently serves as Deputy President, Chief Financial Officer and Chief Risk Officer of Manulife Japan. In this role, he also serves as a Director and Executive Officer of the Company. Previously, Mr. Bromley held senior positions at Manulife Financial Corporation (Manulife Japan’s parent company) in Canada, including Senior Vice President, Business Development and Investor Relations. In that role, Mr. Bromley was responsible for Manulife’s merger and acquisition activity and worked on a number of Manulife transactions, including the acquisition of Daihyaku Life Insurance Company in Japan and Manulife’s merger with John Hancock Financial Services. Mr. Bromley joined Manulife in March 2000.
“We are very pleased with the recent remarkable progress of our Japanese business under the leadership of Geoff Crickmay. We are also pleased that the exceptional depth of our management team allows us to make changes of this nature with full confidence that our business in Japan will continue to grow and succeed under the new leadership of Craig Bromley,” said Dominic D’Alessandro, President and Chief Executive Officer of Manulife Financial.
Mr. Bromley stated:
“The Japanese market offers great opportunity to Manulife, a company with a number of significant strengths, including the ability to draw on its expertise worldwide. I’m very excited about taking on this new role of leading Manulife Japan, and I look forward to the challenge of continuing our profitable growth in the world’s second largest economy.”
Mr. Crickmay commented as follows:
“I am very proud of Manulife Japan’s recent achievements and also the long history of success of Manulife Financial worldwide. I strongly believe that Manulife is one of the world’s finest life insurance companies. I have enjoyed my time at Manulife and wish everyone associated with the company all the best for the future.”
Manulife Life Insurance Company (“Manulife Japan”), a member company of the Manulife Financial group, holds the highest level "AAA" financial strength rating from Standard & Poor’s, one of the world’s most reliable credit rating agencies (as of the end of November 2007).
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$399 billion (US$400.5 billion) as at September 30, 2007.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. Manulife Japan can be found on the Internet at www.manulife.co.jp.
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Manulife Life Insurance Company