Manulife Financial Corporation announced that upon successful completion of the acquisition of the Canadian-based operations of Standard Life plc, Charles Guay will become President and Chief Executive Officer, Manulife Qubec and Executive Vice President, Institutional Markets, Manulife Canada. In the newly-created role of President and Chief Executive Officer, Manulife Qubec, Mr. Guay will be responsible for developing and implementing a strategy to significantly increase Manulife's presence, visibility and impact in Qubec. As Executive Vice President, Institutional Markets, he will lead the Canadian Division's Group Benefits, Group Savings and Affinity Markets business nationally.

He will be responsible for furthering Manulife's leadership position in that sector. Mr. Guay succeeds Rick Brunet, Executive Vice President, who will focus solely on the critical role of leading the integration of Standard Life Canada. Charles Guay has been President and CEO of Standard Life Canada since January 2012.

Before joining Standard Life, he held several executive positions with National Bank of Canada, including President and CEO of National Bank Securities.