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UPDATED ON: Thursday, October 8, 1998

Manulife Financial:

John E. Beales; Michael E. Ainsworth; F. Ronald Varley,
Vice President; General Manager

From The Globe and Mail

John E. Beales
Michael E. Ainsworth
F. Ronald Varley
Richard B. Coles, Senior Vice President, Investments, Manulife Financial, is pleased to announce the following appointments in the company's Real Estate Division.

John E. Beales, Vice President and General Manager is responsible for Manulife Financial's real estate business across North America, with overall accountability for the strategic management and operations of the division. Mr. Beales is a seasoned real estate professional and, prior to joining Manulife Financial in 1997, was Executive Vice President with a major commercial real estate company.

Michael E. Ainsworth, Vice President, Leasing, Marketing and U.S. Operations is responsible for the company's leasing and marketing operations across North America as well as the management and income performance of Manulife's real estate portfolio in the United States. Since joining Manulife Financial in 1984, Mr. Ainsworth has held several senior level positions and has had direct accountability for various real estate disciplines including operations, leasing, systems and financial management.

F. Ronald Varley, Vice President, Canadian Operations is responsible for the management and income performance of Manulife's real estate portfolio in Canada. Mr. Varley joined Manulife Financial's Real Estate Division in 1972. He has held several senior level positions, with accountability for the company's operations and leasing initiatives in various markets across North America.

The Manufacturers Life Insurance Company (Manulife Financial) is an international mutual life insurance company offering a variety of insurance and investment products to individuals, families, businesses, groups and associations. Manulife Financial has a strong international presence with more than 18,000 employees and agents and more than 250 offices in 13 countries worldwide. Assets under administration by the company and its subsidiaries as at June 30, 1998 were $86.9 billion. Through its Real Estate Division, Manulife Financial develops, owns and manages a real estate portfolio of more than 21 million square feet of office, retail and industrial space across North America worth in excess of $2.8 billion.

 

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