Manulife Confirms Opening of New Private Wealth Unit
February 09, 2012, 10:33 PM ESTBy Sean B. Pasternak
(Corrects in first paragraph to say clients with at least C$1 million.)
Feb. 9 (Bloomberg) -- Manulife Financial Corp., Canada’s largest insurer, confirmed it will open a new business that serves high net-worth Canadian clients with at least C$1 million in liquid assets.
Manulife Chief Executive Officer Donald Guloien said in a telephone interview that the business is part of a new initiative and will be rolled out over the next year. Bernard Letendre will head the business, Manulife said.
--Editor:
To contact the reporter on this story: Sean B. Pasternak in Toronto at spasternak@bloomberg.net
To contact the editor responsible for this story: Stefanie Batcho-Lino at sbatcholino1@bloomberg.net
