Manulife Asset Management has named Roger Renaud as its new president, Canada, upon close of Manulife’s acquisition of the Canadian-based assets of Standard Life.
Agreement on the transaction was announced in September of 2014, with closing expected in January 30, 2015.
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Prior to the Manulife acquisition announcement, Renaud was president of Standard Life Investments in Canada, having held that post since 2005.
Prior to that, he was senior vice president, group savings and retirement, at Standard Life Assurance Company of Canada and also served as vice president, sales, at Standard Life Mutual Funds. He joined the company in 1991.
The position of president, Canada, is a new one for Manulife Asset Management.
Renaud will report to Kai Sotorp, president and CEO of Manulife Asset Management, who also is Manulife’s executive vice president and global head for wealth and asset management. Renaud will join the Manulife Asset Management executive committee.
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By GlobalDataSotorp said, "Roger will drive a client-centric, solutions-oriented approach to leading our Canadian franchise, one that he executed well at Standard Life Investments and will continue to expand at Manulife Asset Management.
"He will draw on his broad background to evolve our Canadian business model to meet our long-term asset management goals, and ensure that we have the focus and resources to facilitate our ambitious growth plans in this important and growing market."
In addition to leading the development and implementation of Manulife’s asset management strategy and business in Canada, Renaud will assist in the integration of Standard Life Investment’s Canadian operations into Manulife Asset Management.
As part of his responsibilities in leading the Canadian asset management business, he will also work closely with Manulife’s Canadian Division to further grow Manulife’s successful wealth business.
Prior to joining Standard Life, Renaud was a vice president at First Marathon.
He is also a board member of Finance Montreal and Theatre D’Aujourd’hui.
