Canadian insurer Manulife steps up hiring in China to tap pensions opportunity

Canadian insurer Manulife steps up hiring in China to tap pensions opportunity

Source: Manulife's LinkedIn page

Canada’s Manulife Financial Corp plans at least two more top-tier hires in China this month as it targets the pensions business in the fast-ageing society after taking full control of a joint venture, senior executives said.

After becoming, in November, the first foreign financial firm to receive regulatory approval to wholly own a funds joint venture, Canada’s largest insurer has shaken up the unit’s management by appointing a new chairman and a new general manager.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter