Toronto-based Manulife Asset Management Ltd. (MAM), Manulife Financial Corp.’s global asset-management arm, has appointed Roger Renaud as global chief operating officer effective May 27.
Renaud will succeed Barry Evans, who will retire from MAM at the end of May, and continue reporting to Kai Sotorp, MAM’s president and CEO and executive vice president and global head of wealth- and asset-management for Manulife.
Renaud, who was named president of MAM Canada following Manulife’s acquisition of the Canadian-based assets of Montreal-based Standard Life PLC, will retain his title and continue as a member of MAM’s executive committee. (Renaud was president of Standard Life Investments Inc. prior to the acquisition.)
“Roger brings a wealth of experience and deep knowledge of global asset management best practices to this role,” says Sotorp in a statement. “As we continue to expand our asset-management franchise, his expertise will ensure we are well positioned for success. Roger has successfully led the development and implementation of our asset-management strategy and business in Canada, growing and expanding this important market while ensuring a seamless integration process, post-acquisition.”
“We are delighted that Roger has accepted this position and proud that he will operate in this expanded and global role from our base in Quebec,” adds Don Guloien, Manulife’s president and CEO, in the statement. “Roger has a proven track record of strong leadership and driving growth, and his success highlights the senior-level talent and expertise Manulife gained as part of the Standard Life acquisition. I look forward to seeing Roger’s continued contributions to our business across all of Canada and around the world.”
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