Manulife Financial Corp. wasn't kidding around when management said they are focused on Quebec.
After striking a deal in September to buy Standard Life Canada for $4-billion, Manulife has named the takeover target's chief executive as its new Quebec head.
Charles Guay will take on the newly created role, and also becomes an executive vice-president of institutional markets. In the latter role, he will oversee the Canadian division's group benefits, group savings and affinity markets business.
Before joining Standard Life, Mr. Guay worked for Fidelity Investments and National Bank of Canada, where he rose through the rank of the lender's wealth management arm.