{"id":507458,"date":"2021-06-29T06:48:13","date_gmt":"2021-06-29T10:48:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-investor-day-2021\/"},"modified":"2021-06-29T06:48:13","modified_gmt":"2021-06-29T10:48:13","slug":"manulife-investor-day-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/manulife-investor-day-2021\/","title":{"rendered":"Manulife Investor Day 2021"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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C$ unless otherwise stated\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 TSX\/NYSE\/PSE: MFC\u00a0\u00a0\u00a0\u00a0 SEHK: 945<\/p>\n

\n TORONTO<\/span>, June 29, 2021<\/span> \/PRNewswire\/ –\u00a0Manulife Financial Corporation (“Manulife” or the “Company”) is hosting an Investor Day today at 8 a.m. EDT<\/span>. Manulife’s senior management will present the next phase of the Company’s strategy, with an emphasis on its Asia<\/span> and Global Wealth and Asset Management businesses and digital transformation. New supplemental information has been made available for Asia<\/span> and Global Wealth and Asset Management and this information will also be provided on an ongoing basis as part of the Company’s financial disclosures. \u00a0\u00a0\u00a0<\/p>\n

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\n \"Manulife
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In addition to presentations, the event will include live Q&A sessions for institutional investors and research analysts to engage with the presenters and other executives. Interested parties may access the live webcast here<\/a>. The Investor Day slide presentations can also be found here<\/a>. An archived version of the webcast audio and video will be available the day after the live event here<\/a> for six months. More information about the Company can be found at the same location.<\/p>\n

\n Investor Day Agenda<\/b>\n <\/p>\n

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\n Roy Gori<\/b>
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\n President and Chief Executive Officer<\/span>\n <\/p>\n<\/td>\n

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\n Strategic Update: Accelerating our growth engines, powering the next phase of our journey<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Phil Witherington<\/b>
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\n Chief Financial Officer<\/span>\n <\/p>\n<\/td>\n

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\n Financial Update: Strength. Execution. Growth.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Anil Wadhwani<\/b>
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\n President and CEO, Manulife Asia<\/span>\n <\/p>\n<\/td>\n

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\n Asia: Realizing our potential<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Paul Lorentz<\/b>
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\n President and CEO, Manulife Investment Management<\/span>\n <\/p>\n<\/td>\n

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\n Global WAM: Unlocking the next stage of growth<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n Karen Leggett<\/b>
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\n Global Chief Marketing Officer<\/span>\n <\/p>\n<\/td>\n

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\n Accelerating our customer and digital strategy<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n A New Phase of our Strategy
<\/b>At our 2018 Investor Day, we introduced our five strategic priorities, which include: Portfolio Optimization, Expense Efficiency, Accelerate Growth, Digital, Customer Leader and High Performing Team. Since then, Manulife has made significant progress executing on its ambition to become the most digital, customer-centric global company in the industry. Manulife is pleased to have achieved our Portfolio Optimization target three years ahead of schedule, releasing $5.9 billion<\/span> of capital. In addition, Manulife’s $1 billion<\/span> expense savings target was achieved two years ahead of schedule and the Company is on track to deliver on its Expense Efficiency target to consistently report an expense efficiency ratio of less than 50 per cent by 2022.1 <\/sup>In 2020, the Company achieved top quartile employee engagement amongst global financial services companies and insurance peers.<\/p>\n

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\n _______________________________<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

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\n 1<\/sup>\u00a0The Company’s strategic priorities and 2022 targets, medium-term targets, and 2025 supplemental goals do not constitute guidance. See “Caution regarding forward-looking statements” below.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

“Over the last three years we’ve strengthened our foundations significantly. Our strong execution and success on these priorities have positioned us well for future success, and the next phase of our transformation,” said Manulife President & Chief Executive Officer Roy Gori<\/span>. “We have entered a new phase of our strategy, with a greater focus on accelerating the growth of our highest potential businesses and are committing to meaningful metrics to measure our progress through to 2025.”<\/p>\n

“Manulife remains committed to our medium-term targets and has a clear path to delivering 10 to 12 per cent annual Core EPS growth,” said Manulife Chief Financial Officer Phil Witherington<\/span>.<\/p>\n

Discussions at Manulife Investor Day 2021 will focus on the next phase of our journey, with plans to:<\/p>\n