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Manulife Announces Retirement Of Jean-Paul Bisnaire

Stephen Sigurdson Chosen as Successor

TSX/NYSE/PSE: MFC    SEHK:945  

TORONTO, March 12, 2014 /PRNewswire/ - Manulife Financial today announced that Senior Executive Vice President, Corporate Affairs and General Counsel Jean-Paul (J-P.) Bisnaire will retire on December 31, 2014 after 10 years with the Company.

Donald Guloien, President and Chief Executive Officer, said, "I would like to thank J-P. for his extensive contributions to Manulife. He is a consummate professional.  His dedication to excellence, his personal credibility and influence and his expert counsel to me and the Board has been enormously important and will continue to benefit Manulife in the future. He leaves us in great shape and I wish him all the very best in his well-deserved retirement."

During his career at Manulife, he has been responsible for a number of key functions in the Company, including internal audit, industry, regulatory and government affairs, compliance, branding and communications and technology.  He played a key role in the integration of John Hancock, which was, at the time, the largest cross-border transaction in Canadian business history.  He is also a member of the Company's Executive Committee and Management Committee.

Prior to joining Manulife, Bisnaire was one of Canada's leading securities lawyers practicing in mergers and acquisitions and corporate finance. He was a senior corporate law partner of Davies Ward Phillips & Vineberg LLP and a member of the firm's Management Committee.

Stephen Sigurdson, Manulife's Executive Vice President, General Counsel Canada, will succeed Bisnaire in the role effective May 1, 2014. Bisnaire will provide for an orderly transition and continue to be involved in special projects.  Sigurdson is a member of Manulife's Management Committee and the Canadian Division Executive Management Team. Within the Company's Canadian Division, Sigurdson also oversees government relations, industry relations and compliance.

"I have enjoyed the past decade immensely, it has been a distinct privilege to be an integral part of one of the strongest and most forward thinking financial organizations in the world," Bisnaire said. "I have been fortunate to work with an exceptional team at Manulife, and I'm confident that I will be leaving them in very capable hands with Stephen."

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