Shah joins Manulife’s Asia Executive Committee and reports to Anil Wadhwani, President & CEO, Asia. He will also be a member of the company’s Global Leadership Team. He will be responsible for driving the development of the Company’s operations in Southeast Asia’s emerging markets – namely Cambodia, Indonesia, Malaysia, Myanmar, Philippines and Vietnam. The General Managers of these territories will report to him.
Shah brings vast industry experience, principally in Asia and the United States. He joins Manulife from AIG, where he was CEO, Asia Pacific General Insurance. He previously held a variety of senior leadership roles across a 20-year tenure at MetLife, most recently as Chairman, President and CEO MetLife Japan.
“We are delighted to secure a leader of Sachin’s calibre,” said Wadhwani. “This appointment demonstrates our continued commitment to our Southeast Asia emerging market operations. Sachin has the talent, experience and ambition we were looking for to accelerate the transformation and growth of these businesses.”
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across our offices in Canada, Asia, and Europe, and primarily as John Hancock in the United States. We provide financial advice, insurance, and wealth and asset management solutions for individuals, groups and institutions. At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of March 31, 2020, we had $1.2 trillion (HK$6.6 trillion) in assets under management and administration, and in the previous 12 months we made $30.4 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 155 years. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Augustine Kwan (Media Relations / Eileen Tam (Investor Relations)
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