Doug Conick named CEO of Manulife Bank of Canada

* Takes over from J. Roman Fedchyshyn

* Bank unit has C$16 bln assets under management

TORONTO, April 15 (BestGrowthStock) – Manulife Financial Corp
(MFC.TO: ) said on Thursday it has named Doug Conick president
and chief executive of its Manulife Bank of Canada subsidiary.

Canada’s first adviser-based bank is the country’s
eighth-largest domestic bank, with close to C$16 billion ($16
billion) in assets under management.

Conick, who joined Manulife in 1998, takes over from J.
Roman Fedchyshyn, who recently retired after holding the
position for the past 12 years.

“Throughout his career in wealth management, I have been
impressed with Doug’s strong leadership skills and ability to
identify strategic opportunities that move the business forward
with our advisers and clients,” Roy Firth, executive
vice-president, individual wealth management, at Manulife
Financial, said in a statement.

“I am confident in Doug’s ability to continue growing
Manulife Bank well into the future, and I look forward to
working with him in this capacity.”

Manulife Bank provides its Manulife One account and deposit
and loan products through independent financial advisers.

Toronto-based Manulife Financial, North America’s largest
life insurer, has financial services operations in 22 countries
and territories worldwide.

It operates as Manulife Financial in Canada and Asia, and
primarily through John Hancock in the United States. Along with
its subsidiaries, it has C$440 billion in funds under
management as of Dec. 31, 2009.

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($1=$1.00 Canadian)
(Reporting by John McCrank; editing by Rob Wilson)

Doug Conick named CEO of Manulife Bank of Canada