- Manulife Bank, operating under insurer Manulife Financial (TSX:MFC), will be led by its first female chief executive officer, Katy Boshart, beginning next week
- Boshart brings over 30 years of experience to the role, including tenures as an executive at Chase Bank and TD Bank
- Manulife Financial offers insurance, financial advice and wealth management services to over 35 million customers across the world
- Manulife stock has added 26.55 per cent year-over-year and 33.10 per cent since 2019
Manulife Bank, operating under insurer Manulife Financial (TSX:MFC), will be led by its first female chief executive officer (CEO), Katy Boshart, beginning next week.
Boshart, who will also serve as president, brings over 30 years of experience in banking across Canada and the U.S., including seven years as first vice president of yield management at Chase Bank, and over a decade at TD Bank, where she most recently served as senior vice president and head of customer engagement.
Manulife Bank, established in 1993, is one of Canada’s smaller banks with only C$29 billion in assets, a fraction of the C$1.95 trillion TD Bank reported at the end of 2023.
The announcement – made by Manulife Canada CEO Naveed Irshad in a LinkedIn post on Thursday – follows three notable departures by female leaders in the Canadian financial sector, including CEO Rania Llewellyn’s replacement by Éric Provost at Laurentian Bank in October, Linda Seymour being relieved of her chief executive role at HSBC Canada after its takeover by RBC in March, and last week’s termination of CFO Nadine Ahn because of an inappropriate work relationship.
About Manulife Financial
Manulife Financial provides financial advice and insurance, operating as Manulife across Canada, Asia and Europe, and primarily as John Hancock in the United States. The company also serves individuals, institutions and retirement plan members worldwide through Manulife Investment Management, the global brand for its wealth and asset management segment. At the end of 2023, the company served a total customer base of over 35 million.
Manulife stock (TSX:MFC) is down by 0.86 per cent trading at C$32.17 per share as of 9:58 am ET. The stock has added 26.55 per cent year-over-year and 33.10 per cent since 2019.
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