Manulife Redoubles Its Asia Ambitions in a World of Uncertainty [Financial Post (Toronto, Ontario, Canada)]
Manulife Financial Corporation (MFC)
Last manulife financial corporation earnings: 2/12 05:00 pm
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Source: Financial Post
(Bloomberg) — Even after operating in Asia for more than century, Manulife Financial Corp. is counting on the region to be its most promising driver of growth in an increasingly turbulent world. Advertisement The Canadian insurer, wealth adviser and fund manager expects to hit a goal of getting half of its profit from the region by 2025 — despite recent rocky quarters — and may not stop there, Chief Executive Officer Roy Gori said in an interview. While Manulife is proud of its geographic diversity, he said, it hasn't set a “fixed ceiling” on the portion of its earnings it sees Asia generating. Gori spoke after a major review session with his leadership team and signaled the company will stick to the “all-weather” plan it has run during his first five years at the helm. That playbook entails freeing up capital from its legacy portfolio and controlling expenses so it can focus on high-potential businesses — including Asia and wealth management — while also improving its technolo
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MFC
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- 3/22/24 - Form 6-K
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