Finch to succeed Witherington as Manulife Asia President and CEO

Manulife, an international financial services provider, has announced the appointment of Steve Finch as President and CEO of Manulife Asia, effective May 9th, 2025.

The executive will be succeeding Phil Witherington who has been appointed Manulife’s President and CEO, also effective May 9th.

Finch currently serves as Manulife’s Chief Actuary and has been a member of Manulife’s Executive Leadership team since 2016.

Since joining Manulife, Finch has contributed significantly in both the functional and commercial aspects of the company’s business, and has been instrumental in its transformation and financial success.

He has played a key role in several significant transactions that confirmed the strength of the company’s reserves, and has supported the company’s transition to IFRS 17 and IFRS 9 accounting standards.

His 32-year career at Manulife includes leadership roles in reinsurance, product development, and marketing.

He previously served as the Chief Financial Officer of John Hancock, Manulife’s US business, and prior to that, he was the General Manager of the company’s US Life Insurance business where he led the business to become the market leader in life insurance sales.

Commenting on his appointment, Roy Gori, President and CEO of Manulife, said: “Steve has helped deliver our transformation and drive strong financial performance, reshaping our portfolio towards higher return and lower risk and validating the prudence of our reserves.

“We have bold ambitions for Asia, and his deep appreciation of our business at a commercial and functional level, strong knowledge of our products and distribution channels across Asia, and passion for leading teams will help accelerate our growth agenda for this critical part of our business.”

Witherington added: “Steve is a proven leader who has developed our actuarial talent globally into one of the best teams in the industry.

“He’ll bring that same approach to supporting our team in Asia, helping us drive high-quality, sustainable growth and achieve our ambition to be the number one choice for customers and contribute more than 50% of Manulife’s core earnings – a goal we’re well on track to achieve.”

Until the successor for Chief Actuary is announced Finch will work with that leader to ensure a seamless transition, Manulife noted.

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