Manulife Asset Management has put another regional leader in place, naming Jacqui Allard president of its Canadian business. Ms. Allard will also continue to be the asset manager's global chief operating officer.
The move is the latest in a series of appointments that Jean–François Courville, Manulife Asset Management's CEO, has made to bolster the business's management structure. (Barry Evans is president of the U.S. business, while Michael Dommermuth heads up the Asian operations.)
Ms. Allard, who has an MBA from Bentley Graduate School of Business and a BA from Queen's, joined the company in 2008, after a number of years at State Street Corp. Mr. Courville also came from State Street, where he was CEO of the Canadian operations, before current Manulife Financial chief executive Don Guloien recruited him in 2007.
Mr. Courville, who was named to Canada's Top 40 Under 40 in 2006, has had a busy year. Manulife Asset Management manages more than $200-billion, and has more than 275 investment professionals in 17 countries and territories. In addition to overseeing the business and shaking up the way it's run, Mr. Courville participated in the 2011 AMGEN Tour of California in May, cycling 1,300 kilometres over eight days with a team that included Tim Hockey, CEO of TD Canada Trust. Mr. Courville trained 10 to 12 hours a week during the early part of the year in preparation.