#Canada #Toronto #Manulife #Nancy Carroll #John Montalbano

New Appointments at Manulife

In a significant move for the company, Manulife Financial Corporation announced the appointment of Nancy Carroll and John Montalbano to its Board of Directors, effective February 28, 2025. This strategic enhancement is expected to bring valuable insights to the organization.

Background of the New Board Members

Nancy Carroll brings over 40 years of profound experience in the legal and financial services sectors. Previously a partner in the Financial Services Group at McCarthy Tétrault LLP, she adeptly led the National Insurance and Reinsurance Group. Her extensive background includes advising Canadian and international entities on complex regulatory, compliance, and strategic matters. She holds a Juris Doctor degree from the University of Toronto, a Master of Arts in International Political Studies from Queen's University, and a Bachelor of Arts from Mount Allison University. Notably, she also possesses the ICD.D designation from the Institute of Corporate Directors and Rotman School of Business, showcasing her commitment to corporate governance.

On the other hand, John Montalbano brings extensive expertise in wealth and asset management, having served in senior executive roles at the Royal Bank of Canada. His experience includes acting as the Chief Executive Officer of RBC Global Asset Management and Vice Chair of RBC Wealth Management. Montalbano is currently the Principal of Tower Beach Capital Ltd., focusing on venture capital investments. He is a Chartered Financial Analyst and holds a Bachelor of Commerce from the University of British Columbia, positioning him as a knowledgeable asset in the financial landscape.

Enhancing Manulife's Strategic Vision

The addition of Carroll and Montalbano to Manulife's Board is seen as a beneficial move. Don Lindsay, the Chair of the Board, highlighted their potential contributions, stating, "Nancy and John bring significant financial services, insurance, and wealth and asset management experience that will be valuable in supporting the effective oversight of Manulife's strategy and operations."

Carroll will join the Audit Committee along with the Corporate Governance and Nominating Committee, while Montalbano will take on roles in the Management Resources and Compensation Committee, and the Risk Committee. Their combined expertise will play a crucial role in shaping the strategic direction of Manulife.

About Manulife

Manulife Financial Corporation stands as a prominent international financial services provider, dedicated to assisting clients in making informed decisions to enhance their lives. With its global headquarters situated in Toronto, Canada, Manulife operates across Canada, Asia, and Europe, and under the John Hancock brand in the United States. The company focuses on providing financial advice and insurance to individuals, businesses, and groups. With a dedicated workforce exceeding 37,000 and over 109,000 agents, Manulife serves more than 36 million customers worldwide. It actively trades as 'MFC' on various stock exchanges, affirming its stature in the financial marketplace.

As the company prepares for these new appointments, stakeholders and clients alike are keeping a close eye on how Carroll and Montalbano will influence strategic initiatives and governance at Manulife, with anticipation for enhanced oversight and innovation within the organization.

For more information about Manulife, visit manulife.com.