Manulife names new chief actuary
Manulife has appointed Stephanie Fadous as the company's chief actuary, succeeding Steve Finch.
Last month, the company named Finch as the president and CEO for Asia.
Finch will take over the role from Phil Witherington, who has been named president and CEO of Manulife, with the current CEO set to retire.
All the mentioned appointments will be effective from 9 May 2025.
In her new capacity, Fadous will be part of Manulife's executive leadership team and will report to Witherington.
Witherington added: 'I am pleased to be welcoming Stephanie to our Executive Leadership Team. Her ability to drive meaningful outcomes and strong focus on delivering results will further strengthen our talented, global team.'
Fadous is currently Manulife's global treasurer and head of capital management, and she has been developing global funding strategies and managing the company's relationships with rating agencies and banks.
Fadous' experience with Manulife also includes leading global implementation of the IFRS 17 and IFRS 9 accounting standards.
Her career at Manulife has spanned various roles across global finance, group actuarial, corporate development and asset liability management teams.
Manulife CEO and president Roy Gori said: 'Stephanie's deep understanding of our company, commitment to leading with our values and unwavering focus on continuous growth will serve her well as Chief Actuary.'
Currently, Manulife global head of investor relations Hung Ko will take on the role of global head of treasury and investor relations, succeeding Fadous.
Ko has more than 20 years of experience in the insurance industry.
Manulife Financial reported net income of $1.64bn (C$2.28bn) attributable to shareholders for the fourth quarter of 2024, a decrease from $1.66bn in the same quarter of the previous year.
The company's net income attributed to shareholders for the full year increased by 5%, reaching $5.4bn, up from $5.1bn in 2023.
"Manulife names new chief actuary " was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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