Manila - Manulife Philippines announced the appointment of Indren Naidoo as the company’s new President and Chief Executive Officer effective December 1, 2009. He succeeds Carl Steven Gustini who will assume the Country Manager position in Manulife Vietnam.
Mr. Naidoo has worked in the Philippines for over 8 years as Chief Financial Officer for 2 major multinational life insurance companies. His responsibilities in this capacity included development of business strategy, product design and regular interaction with and support of sales force channels, including Agency, Bancassurance and Alternative Channels.
Prior to his time in the Philippines, Mr. Naidoo worked in several countries in Asia in a similar capacity. Mr. Naidoo has over 11 years experience as a corporate banker with ANZ Banking Group in Australia.
Mr. Naidoo holds a Bachelor of Business (Accounting) & CPA and a Graduate Diploma in Computing from MonashUniversity in Australia as well as a Diploma of Management from the University of Michigan Business School in the U.S.
About Manulife 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, among the largest in the world and North America's largest life insurance company by market capitalization (as of September 30, 2009).
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 22 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$437 billion (US$407 billion) as at September 30, 2009.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.
