Manila - Dominic D` Alessandro (left), president and chief executive officer of Canadian-based Manulife Financial, recently met with President Gloria Macapagal-Arroyo (right) at Malacañan Palace to reaffirm the Company’s commitment to the local financial services marketplace. Celebrating its 100 years presence in the Philippines, Manulife has proven to be a significant partner in nation building and continues to uphold its tradition of strength, stability and commitment to the market. Manulife’s businesses in the financial services industry include life insurance, pre-need, business processing, and recently a strategic bancassurance alliance.
The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly owned domestic subsidiary of Manulife Financial Corporation, the world’s fifth largest and North America’s second largest life insurance company by market capitalization.
About Manulife Financial
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$410 billion (US$386 billion) as at June 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.
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