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UPDATED ON: Wednesday, May 15, 2002

Manulife Financial:

Paul Haggis,
Executive Vice President, Business Development and Chief Credit Officer

From The Globe and Mail

Dominic D’Alessandro, President and CEO, is pleased to announce the appointment of Paul Haggis to Executive Vice President, Business Development and Chief Credit Officer. Mr. Haggis will be responsible for the execution of Manulife's corporate strategic planning, including mergers, acquisitions, and divestitures. He will also oversee Manulife’s Reinsurance Division, as well as the Human Resources, Corporate Communications, and Legal functions.

Prior to joining Manulife, Mr. Haggis spent five years as President and CEO of Alberta Treasury Branches (ATB), where he led ATB to record profitability and market share growth and oversaw the restructuring of the company's infrastructure and culture.

A graduate of the University of Western Ontario, Mr. Haggis serves on a number of community organizations and is currently a member of the Public Sector Pension Investment Board.

Manulife Financial is a leading Canadian-based financial services group operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial were Cdn$146.7 billion as at March 31, 2002.

Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

 

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