TSX/NYSE/PSE: MFC SEHK: 945
BOSTON, June 2, 2021 /PRNewswire/ - John Hancock
Retirement, a company of Manulife Investment Management, announced
today that Sue Reibel has been
appointed chief executive officer for its U.S. retirement plan and
recordkeeping business.
Ms. Reibel was previously Manulife Investment Management's
global head of retirement and replaces Patrick Murphy. Mr. Murphy, who had served as
CEO of John Hancock Retirement since 2018, is on long-term medical
leave and will be stepping away from the position to focus fully on
his health and recovery.
"We are grateful to both Sue and Pat for their leadership up to
and through this transition," said Andrew
G. Arnott, head of wealth and asset management, U.S. &
Europe, Manulife Investment
Management. "Pat has been instrumental in building this business
for us and he's left us well-positioned for growth as a proven
resource for plan sponsors and financial professionals helping
participants prepare for a secure retirement. Sue's expertise and
focus on the U.S. market will help to accelerate our momentum by
utilizing her vast global and retirement experience."
Ms. Reibel joined Manulife in 1994 and brings her experience in
the retirement industry, as well as her knowledge of the U.S
retirement business, to the role. Prior to leading the global
retirement business, she held numerous senior management roles at
Manulife, including leading the Canadian Group Retirement and Group
Benefits business, and establishing and leading the Canadian
direct-to-consumer business.
"I look forward to leading the John Hancock Retirement team and
to continuing John Hancock's
success," said Sue Reibel, CEO, John
Hancock Retirement. "The retirement market remains core to
John Hancock's growth and with more
than 50,000 plans and 3 million participants we have a strong base
from which to expand."
Ms. Reibel is a member of the global retirement leadership team
and reports to Mr. Arnott. Currently based in Toronto, she will be relocating to the
Boston area as soon as it is
possible.
About John Hancock Retirement
John Hancock Retirement
is the U.S. retirement business of Manulife Investment Management.
For nearly 50 years, we've helped people plan and invest for
retirement; today, we're one of the largest full-service providers
in the United States.¹ We take a hands-on consultative
approach based on the idea that no two plans - and no two plan
participants - are exactly alike. We partner with plan sponsors,
advisors, and third-party administrators to ensure that every plan
is personal to the participant and delivers results.
As of March 31, 2021, John Hancock serviced over 52,000 retirement
plans with over 3 million participants and over $212 billion in AUMA.2
1 "2020 Defined
Contribution Recordkeeper Survey," PLANSPONSOR, 2020.
|
2 As of March 31,
2021, John Hancock Life Insurance Company (USA) supported 47,844
plans, 1,602,710 participants, and $ 105,200,270,861.69 in AUMA.
John Hancock Life Insurance Company of New York supported 2,537
plans, 79,432 participants, and $ 6,206,383,227.41
|
in AUMA. John Hancock
Retirement Plan Services, LLC supported 2,189 plans, 1,416,982
participants, and $100,763,366,447.34 in AUMA. Participant Counts
reflect all active participants with a balance. Approximate
unaudited figures for John Hancock, provided on a U.S. statutory
basis.
|
About Manulife Investment Management
Manulife Investment Management is the global wealth and asset
management segment of Manulife Financial Corporation. We draw on
more than a century of financial stewardship and the full resources
of our parent company to serve individuals, institutions, and
retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public
and private markets are strengthened by an investment footprint
that spans 17 countries and territories. We complement these
capabilities by providing access to a network of unaffiliated asset
managers from around the world. We're committed to investing
responsibly across our businesses. We develop innovative global
frameworks for sustainable investing, collaboratively engage with
companies in our securities portfolios, and maintain a high
standard of stewardship where we own and operate assets, and we
believe in supporting financial well-being through our workplace
retirement plans. Today, plan sponsors around the world rely on our
retirement plan administration and investment expertise to help
their employees plan for, save for, and live a better
retirement.
As of March 31, 2021, Manulife
Investment Management had CAD $764.1
billion (US $607.6 billion) in
assets under management and administration. Not all offerings
are available in all jurisdictions. For additional information,
please visit manulifeim.com.
© 2021 John Hancock. All rights reserved.
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SOURCE John Hancock Retirement