![]() ![]() D'Alessandro's tenure, Manulife has also made organic growth a priority over the years. Organic growth- Concurrent with the track record of opportunistic acquisitions throughout Mr.A select listing of key acquisitions is provided in Appendix A. In total, more than 25 acquisitions have been completed on his watch. D'Alessandro's leadership, Manulife has established a superb track record of strategic acquisitions aimed at strengthening the company's geographic scope, product offering and finances. A history of successful, disciplined acquisitions - Under Mr.Since then the operations have been restructured, new products introduced and profitability greatly improved. Manulife became Canada's largest investor in Japan with its $1 billion acquisition of Daihyaku Life in 2001.In 1999, Manulife became the first foreign company licensed to offer its products in Vietnam. ![]() In 1996, Manulife became the first Canadian and only the second foreign life insurance company to receive a license to conduct business in China.Today, approximately half of Manulife's business activity is based in the US and in 2006 John Hancock became the leading US seller of life insurance.That transaction, the largest cross-border transaction in Canadian history, made Manulife the second-largest insurance company in North America and the sixth largest in the world. With the 2004 John Hancock acquisition Manulife enlarged its profile in the US insurance market and brought its growth strategy to the merged company.Manulife's Asian business continues to grow rapidly and the company is investing in future expansion there. Manulife has a significant presence in 10 Asian countries and territories, with 8,000 employees in 27 cities in China alone. Today, Manulife's non-Canadian operations account for approximately 75% of the company's premiums and deposits. D'Alessandro's long-term visions for growing Manulife's operations involved strategic expansion in international markets that offered significant potential for the company's future. Global expansion and competitiveness - From the beginning, one of Mr.Today, Manulife is listed on the Toronto, New York, Philippines and Hong Kong stock exchanges. The company's share price rose 154% in its first year of trading on the Toronto Stock Exchange. The IPO was priced at the highest premium-to-book value of any major demutualizing life insurer in North America. Manulife's Initial Public Offering was the largest in Canadian history, valued at $2.4 billion. D'Alessandro led Manulife's successful demutualization. He also demonstrates his commitment and leadership to the broader community through his contributions of time and money to community and charitable groups.ĭemutualization and IPO - In 1999, Mr. As one of the most respected corporate leaders in Canada, he has been named by the Canadian Prime Minister to federal panels to provide his expertise and knowledge. He also Co-Chairs the Toronto Region Immigrant Employment Council. D'Alessandro is Vice Chairman of the Board of the Canadian Council of Chief Executives and is Director and Past Chairman of the Board of the Canadian Life and Health Insurance Association. D'Alessandro took on a series of increasingly challenging roles, including Director of Finance for Genstar Limited, Executive Vice President, Finance for the Royal Bank of Canada and President and Chief Executive Officer of the Laurentian Bank of Canada. His impressive career began nearly 40 years ago with accounting firm Coopers & Lybrand. These results were achieved through his focus and ability to build and cultivate one of the strongest management teams in the industry. D'Alessandro has led the company to 14 consecutive years of record financial performance. He has also spearheaded Manulife's expansion into key Asian markets including Japan, Vietnam and China.ĭriven by his vision, Mr. His long list of significant achievements includes leading the conversion to a public company in 1999 and a series of successful acquisitions - the most notable being the company's $15 billion acquisition of US-based John Hancock Financial Services in 2004. D'Alessandro has been instrumental in Manulife's corporate transformation. His decisive leadership transformed Manulife from a mutual insurance provider valued at approximately $2 billion to an international, diversified financial services leader with a market capitalization of more than $60 billion. From the beginning, his goal was to build the most professional life insurance company in the world. Dominic D'Alessandro was appointed President and Chief Executive Officer of Manulife Financial in 1994. ![]()
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