Roger Renaud was named president, Canada, at Manulife Asset Management.
The position is new. Mr. Renaud was president of Standard Life Investments Canada, which was part of Standard Life's overall Canadian business to be acquired by Manulife Asset Management parent Manulife Financial.
The acquisition is expected to close late Friday, after which Mr. Renaud's appointment will become effective. Mr. Renaud will report to Kai Sotorp, president and CEO of Manulife Asset Management.
The acquisition is expected to add C$5.4 billion (US$4.3 billion) in assets under management to Manulife Asset's business, which had C$309 billion in AUM as of Sept. 30.
Beth McGoldrick, Manulife spokeswoman, could not provide further details by press time.
