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UPDATED ON: Tuesday, May 11, 2004

Manulife Financial:

Richard B. DeWolfe,
Board of Directors

From The Globe and Mail

Arthur Sawchuk, Chairman of the Board, is pleased to announce the appointment of David F. D'Alessandro and Richard B. DeWolfe to Manulife Financial's Board of Directors.

Mr. D'Alessandro has been Chairman of the Board of John Hancock Financial Services, Inc. and John Hancock Life Insurance Company since 2001, and the President and Chief Executive Officer of John Hancock Financial Services, Inc. since 2000. He was elected President and Chief Operating Officer of John Hancock Life Insurance Company in 1998 and has been a director since 1990. Mr. D'Alessandro is Chairman of the Executive Committee of the Board of Directors of John Hancock Financial Services, Inc. Chairman of John Hancock Subsidiaries, LLC and a director of The Berkeley Financial Group. He is also Chairman of The Wang Center for the Performing Arts.

Mr. DeWolfe is Managing Partner of DeWolfe & Company, LLC; a director of The Boston Foundation; Trustee of Boston University; Trustee of the Marine Biological Laboratory Woods Hole, MA; and a director of The National Conference for Community and Justice. He was formerly Chairman and CEO of The DeWolfe Companies, Inc. the largest homeownership organization in New England, which was listed on the American Stock Exchange and acquired by Cendant Corporation in 2002. Mr. DeWolfe was formerly Chairman and Founder of Reliance Relocation Services, Inc. (RELO) and was formerly Chairman of the Board of Trustees, Boston University.

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. Pro forma funds under management by Manulife Financial and its subsidiaries were Cdn$355.9 billion (US$271.6 billion) as at March 31, 2004.

 

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