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Manulife USA names James Boyle President of its Individual Wealth Management Division Boston – Bringing 20 years of industry expertise to the role, James R. Boyle has been named President of Individual Wealth Management for Manulife USA. The creation of the Wealth Management Division, which includes Manulife USA’s Annuities, College Savings, and Managed Accounts businesses, is representative of the Company’s efforts to continue to find innovative and effective ways to provide clients with a full spectrum of wealth planning solutions. In his new position, Mr. Boyle is responsible for all aspects of the Individual Wealth Management Division, while retaining his responsibilities as the head of Manulife USA’s U.S. Annuities Division. “The creation of the Individual Wealth Management Division presents a great opportunity for Manulife USA, and I am confident in the ability of Jim Boyle to take advantage of that opportunity,” said John D. DesPrez III, Chairman and President, Manulife USA. “In his new role, Jim will be challenged with leveraging the strengths and relationships that exist within each of the three core businesses to develop a unified, comprehensive approach to marketing and distributing these products.” “I am excited about leading this new division of Manulife USA. Our core goals are to grow market share and to continue to improve our service to brokers with creative sales ideas, solution selling, special market product applications, and education,” said Mr. Boyle. “The formation of the Individual Wealth Management Division will help us to better focus our strategy and our resources on these important goals, while making it easier for more clients to hold multiple Manulife products.” Prior to this appointment, Mr. Boyle served as the President of U.S. Annuities, overseeing Manulife USA’s individual fixed and variable annuity products for middle and upper-income individuals. Before leading the Annuity business, he held the position of Vice President of Institutional Marketing and Investments, serving as the treasurer of the Manufacturers Investment Trust, the common investment platform shared by Manulife’s variable life, annuity, and retirement products in the U.S. Mr. Boyle has been with the Company since 1992. About Manulife The Manufacturers Life Insurance Company (U.S.A.) (Manulife USA) is committed to offering the highest quality annuity, life insurance, pension, college savings, and separately managed account products to its clients. Its family of products has been built around a powerful combination of investment options chosen with the goal of providing attractive risk-adjusted returns and broad diversification across asset classes, investment styles, and asset managers. With its extensive product lines, competitive underwriting, excellent ratings, and quality customer service, Manulife USA is dedicated to providing quality products designed to help create and preserve wealth for its clients. Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were US$92.5 billion (Cdn$146.2 billion) as at December 31, 2002. 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. - 30 - Media Contact:Wendy W. Smith U.S. Communications 617-854-4348 wendy_smith@manulife.com |
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