Manulife Welcomes Stephanie Fadous as Chief Actuary
Manulife Financial Corporation is excited to announce the appointment of Stephanie Fadous as its new Chief Actuary. This pivotal change reflects the company’s commitment to excellence and leadership in the financial services industry. Ms. Fadous steps into this role after an impressive tenure as Global Treasurer and Head of Capital Management.
A Role Transition with Strategic Importance
As the new Chief Actuary, Stephanie Fadous will replace Steve Finch, who has recently been promoted to President and CEO of Manulife Asia. In her new role, she joins the Executive Leadership Team, reporting directly to the newly appointed President and CEO, Phil Witherington. This transition is not just a shift in roles; it signifies Manulife’s dedication to nurturing talent from within and advancing its strategic objectives.
Stephanie Fadous: A Proven Leader
Throughout her career at Manulife, Ms. Fadous has significantly impacted the company’s approach to capital management and regulatory compliance. She has been instrumental in implementing IFRS 17 and IFRS 9 accounting standards globally. Her diverse experience in various sectors of Manulife, including Global Finance and Asset Liability Management, equips her with a unique perspective that will serve her well in her new capacity.
Strong Leadership and Vision
Roy Gori, President and CEO of Manulife, expresses confidence in Ms. Fadous's abilities. He stated, "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," underscoring the trust in her leadership capabilities.
Hung Ko’s Expanded Role
In conjunction with this significant appointment, Hung Ko will extend his role to become Global Head of Treasury and Investor Relations. With a robust track record of over two decades in the insurance industry, Mr. Ko's comprehensive knowledge bolsters Manulife’s global financial strategies. He holds an MBA from McGill University and is both a CFA Charterholder and a Certified Public Accountant.
About Manulife Financial Corporation
Manulife Financial Corporation stands as a leading player in the financial services sector, dedicated to making life’s decisions easier for customers. With its global headquarters situated in Toronto, Canada, Manulife operates across multiple regions including Asia and Europe, and provides financial advice and insurance through its subsidiary, John Hancock, in the United States. Offering a range of services, from wealth management to retirement planning, Manulife emphasizes a customer-first approach.
Global Reach and Customer Commitment
As of 2024, Manulife boasts over 37,000 employees and a vast network of more than 109,000 agents, collectively serving more than 36 million customers worldwide. The company is committed to providing high-quality services that enhance the lives of individuals, groups, and businesses alike. Furthermore, investor relations are a priority for Manulife's operations, making transparency and communication essential components of the company's overall strategy.
Frequently Asked Questions
Who is Stephanie Fadous?
Stephanie Fadous is the newly appointed Chief Actuary of Manulife Financial Corporation, bringing extensive experience from her previous role as Global Treasurer.
What was the previous position of Stephanie at Manulife?
Before her appointment as Chief Actuary, Ms. Fadous served as the Global Treasurer and Head of Capital Management at Manulife.
What does a Chief Actuary do?
A Chief Actuary manages the company’s actuary functions, ensuring proper risk assessment and regulatory compliance among various financial operations.
What are the new responsibilities of Hung Ko?
Hung Ko has expanded his role to become Global Head of Treasury and Investor Relations at Manulife, adding more responsibilities to his existing duties.
Where is Manulife Financial Corporation headquartered?
Manulife Financial Corporation’s global headquarters is located in Toronto, Canada.
