Manulife Financial Corporation has appointed Michael W. Bell as incoming Senior Executive Vice President and Chief Financial Officer (CFO). Bell will report directly to Manulife President and Chief Executive Officer Donald Guloien and it is expected he will join the Company on 22 June and take on his new duties in July. Bell will succeed Peter Rubenovitch, who will be retiring from Manulife after 14 years of distinguished service.
Bell’s responsibilities will include management and oversight of the Company’s global financial affairs, including Actuarial, Controllers, Taxation, Treasury, Investor Relations, Reinsurance as well as other company-wide financial functions.
For the past six years Bell served as Executive Vice President and CFO at CIGNA Corporation, a Fortune 200 company, where he was responsible for all global financial operations including Finance, Accounting, Treasury, Tax, Investor Relations and Capital Planning, as well as the Company’s investment functions, reinsurance and strategic planning.
With his strong actuarial, financial and line management background, he built a widely respected Finance function at that Company. Prior to serving as CIGNA’s CFO, he was President of their Group Insurance business where he strengthened the business and significantly expanded earnings.
“I would like to thank Peter for his outstanding commitment to Manulife’s growth and development. He played a key role in our demutualization, our integration with John Hancock and he has also been instrumental in all of Manulife’s capital markets activities,” says Donald Guloien.
“I am very pleased to welcome Michael as Manulife’s incoming CFO. He is a seasoned international insurance executive with an outstanding track record as a financial leader, risk manager, business and team builder. His expertise, experience and energy will be a great asset to Manulife as we continue to build the strong, reliable and forward-looking Company our customers trust with their most important financial decisions,” says Guloien.
L.D.