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Manulife Trust is a wholly owned subsidiary of Manulife Bank. Like its parent company, Manulife Bank, Manulife Trust is a member of the Canada Deposit Insurance Corporation (CDIC). In 2015, Manulife Bank entered into a deal with Alimentation Couche-Tard to add ATM machines to 830 Mac's Convenience Stores, Circle K, and Couche-Tard locations. [6 ...
Manulife at one point serviced over 26 million customers worldwide. [6] Manulife is the largest insurance company in Canada and the 28th largest fund manager in the world based on worldwide institutional assets under management (AUM). [7] Manulife Bank of Canada is a wholly-owned subsidiary of Manulife.
Harrison left TD to become Manulife's Executive Vice-President and Corporate Controller in 2003. [5] In 2007 she was recognized by the Globe and Mail as one of the 100 Most Powerful Women in Canada. [6] She moved to the US in 2012 to take on the role of President and General Manager, John Hancock Insurance Long Term Care. [7]
Frances Donald is a Canadian-born economist and the Chief Economist of Manulife Financial, [1] Educated at Queen's University and New York University she is a sought-after commentator on global economic conditions. [2] In 2019 she was recognized as one of Canada's Most Powerful Women Top 100. [3]
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On September 29, 2003, Manulife Financial of Canada announced its intent to acquire John Hancock for $10.4 billion. The merged entity would be led by D'Alessandro, but he would step down in June 2004. The sale also included a Canadian subsidiary of John Hancock, Maritime Life; it was integrated into Manulife's Canadian operations. [6] [7] [8]
However, revisions to the Bank Act in 1967 forbade individuals from sitting on a bank and trust company board simultaneously; this had been a recommendation in the 1964 Report of the Royal Commission on Banking and Finance (or Porter Commission). [4] Until 1991, Canadian banks were barred from performing trust duties.