President and Chief Executive Officer of Manulife, Donald Guloien, is retiring as of September 30.
Guloien steered Manulife through some turbulent financial times, strongly grew its earnings and expanded its Asia and Wealth and Asset Management businesses. After eight years at the helm of Manulife, Guloien will make way for Asia division Head, Roy Gori to lead Canada’s largest insurance company.
Gori joined Manulife from Citi in early 2015, where he served as Head of Consumer Banking, North Asia and Australia, and Regional Head of Retail Banking, Asia Pacific, which included responsibility for Citi's insurance and wealth management businesses. Gori currently serves as Senior Executive Vice President and General Manager of Manulife’s Asia Division.
As President, Gori will be responsible for the leadership of Manulife's Canadian, U.S. and investment operations, in addition to Asia and also developing and executing Manulife's business strategy.
“It’s a true honour to be appointed to lead Manulife – a strong, global organization with a tremendous history and quality people,” said Gori.
Phil Witherington, currently the Chief Financial Officer of Asia Division, will become its interim CEO, effective June 5.