Manulife promotes Asia CEO Witherington to group chief executive in nod to region’s growth

Quick Summary:

Asia was the largest profit contributor to Manulife’s earnings in the third quarter, accounting for 44 per cent of the group’s total earnings.

This was up from 37 per cent last year and approaching its target of 50 per cent from Asia by 2027.“We are making tangible progress towards our target of 50 per cent or more of our earnings coming from Asia,” Witherington said in an exclusive interview with the Post last week.“We remain absolutely confident that we will achieve that milestone before the end of 2027.

Gori agreed to serve as an adviser to the company through August 31 next year after his retirement, the statement said.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong KongCanada

Topics: Financial Company Target Insurance Year Cent Asia Toronto-based Last Manulife Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-19 @ 09:25:09 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 235 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23683991

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