Manulife Investments names senior executive to lead Canadian investment growth strategy
WATERLOO - Paul Lorentz has been named Senior Vice President, Investment Products and President, Manulife Investments to lead Manulife's future growth strategy for investment products in Canada.
As President of Manulife Investments, Mr. Lorentz will lead the organization that specifically focuses on investment fund products, including segregated funds, mutual funds, annuities and guaranteed products.
"This is a new senior executive position in our Canadian business that reflects our view that our Wealth Management business holds tremendous potential," said Roy Firth, Executive Vice President, Individual Wealth Management, Manulife Financial. "We are strategically focusing on our wealth operations to ensure we are well-positioned to leverage these opportunities.
"Already we have expanded the breadth of our operations through acquisitions, invested in developing innovative products and strengthened our distribution channels for this market."
Manulife recently acquired AIC retail funds and Berkshire-TWC Financial Group and is recognized as an industry leader for its innovative and award-winning products.
Mr. Firth added: "Paul brings excellent insight into the opportunities and challenges facing advisors and is uniquely and ideally suited to this new position. As well, he brings an extensive understanding of our business through senior product positions in Individual Insurance, Group Savings & Retirement Solutions and, most recently, as Senior Vice President, Distribution."
Mr. Lorentz, who has worked in various Manulife businesses since joining the company in 1993, most recently led Manulife's Distribution organization that delivers the expertise, service and information to support Manulife's many distribution partners and more than 40,000 advisors across the country.