Manulife

Manulife Singapore launches AI hub to groom talent

It is among 11 financial institutions working with IBF and MAS to pilot workforce development initiatives alongside adoption of artificial intelligence

The asset manager will launch a Singapore All-Cap Equity strategy that is research-driven and “benchmark-unconstrained”.

Manulife Investment Management launches Singapore all-cap fund strategy under MAS’ EQDP

About 40% of its portfolio will be allocated to Singapore small and mid-cap companies

Manulife CQS has been investing, since 2014, in regulatory capital relief trades, also sometimes known as synthetic or significant risk transfers. 

Manulife CQS raises US$1.1 billion for synthetic-risk transfers

The money is for its Manulife CQS Regulatory Capital Relief III Fund as well as some separately managed accounts

The deal includes a potential earnout of as much as US$337.5 million, contingent on performance, and gives Manulife the option to acquire the remaining 25% stake.

Manulife buys Comvest to build US$18.4 billion private credit unit

The transaction is expected to close in the fourth quarter, pending regulatory approvals

Manulife's push in Asian markets to capture the financial needs of a growing, under-insured middle class has helped its earnings in recent quarters.

Manulife profit rises as Asia, wealth management businesses see strong growth

MANULIFE Financial posted a 3 per cent jump in first-quarter profit on Wednesday, helped by the strong performance of its insurance business in Asia and overall growth in its global wealth and asset m...

Finch, a company veteran with a 32-year tenure at the insurer, previously served as chief financial officer (CFO) of its US business, John Hancock.

Manulife appoints chief actuary as new Asia CEO, president amid leadership reshuffle

Steve Finch’s appointment comes amid restructuring at the insurer, which lately announced a slew of leadership switch-ups

Manulife has undertaken major reinsurance deals over the past few years, allowing it to offload risk, unlock capital for share buybacks and sharpen its focus on high-return segments.

Manulife’s profit climbs on wealth management strength, Asia growth

MANULIFE Financial posted higher fourth-quarter profit on Wednesday, bolstered by a thriving wealth and asset management business and strong growth in Asia.

The insurer announced several leadership changes on Monday.

Manulife appoints new Singapore CEO amid leadership shake-up in Asia

Benoit Meslet takes over from Khoo Kah Siang on Jun 1, pending regulatory approval

Manulife says the latest deal will free up C$800 million of capital for buybacks.

Canada’s Manulife signs C$5.4 billion reinsurance deal to lower risk

CANADA’S Manulife Financial will reinsure C$5.4 billion (S$5.2 billion) of its reserves as it looks to transfer some risk from its portfolio and free up capital for stock buybacks.

Asset and wealth management firms face compression in their profit margins.

Manulife cuts 2.5% of staff in wealth and asset management unit

Manulife Financial has cut hundreds of jobs in its global wealth and asset management business, representing about 2.5 per cent of the division’s staff.