Manulife Financial Corporation announced that The Manufacturers Life Insurance Company has successfully completed its previously announced acquisition of the Canadian-based operations of Standard Life plc. Charles Guay has been named Executive Vice President for Manulife's Institutional Markets and will lead the Canadian Division's Group Benefits, Group Savings and Affinity Markets business nationally. Charles also becomes President and CEO, Manulife Quebec, and will be responsible for developing and implementing a strategy to significantly increase Manulife's presence, visibility and impact in Quebec.

He also becomes a member of Manulife's global Management Committee. Roger Renaud has been named as President, Manulife Asset Management, Canada. He will lead the development and implementation of Manulife's asset management strategy and business in Canada, growing and expanding this important market.