Manulife Asset Management (Manulife AM) said Wednesday that Roger Renaud will become president, Canada, upon the close of Manulife Financial Corp.’s acquisition of the Canadian-based assets of Standard Life Plc.
The transaction was first announced in September 2014, and is expected to close Jan. 30.
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Renaud was president of Standard Life Investments Inc. in Canada prior to the Manulife acquisition announcement, 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 AM. Renaud will report to Kai Sotorp, president and CEO of Manulife AM, who also is Manulife’s executive vice president and global head for wealth and asset management.
Renaud will also join the Manulife AM executive committee.
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 AM. 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. A CFA, he holds a B. Sc. in Actuarial Science from Universite Laval, and also completed the Program for Management Development at Harvard Business School. He is a board member of Finance Montreal and Theatre D’Aujourd’hui.
Manulife AM is the global asset management arm of Manulife Financial Corp. (TSX:MFC).