Hai Ling appointed to Manulife’s board of directors

TORONTO - Manulife Financial Corporation (TSX:MFC) announced Wednesday the appointment of Hai Ling to its Board of Directors, effective January 1, 2026. The financial giant, currently trading near its 52-week high, continues to strengthen its leadership team.

Ling currently serves as President for Asia Pacific, Europe, the Middle East and Africa at Mastercard Inc., where he is a member of both the Executive Leadership Team and global Management Committee. His prior experience includes executive positions at Bank of America and HSBC.

"Hai brings significant financial services experience that will be valuable in supporting the effective oversight of Manulife’s strategy and operations," said Don Lindsay, Chair of the Board at Manulife, according to the company’s press release.

Ling holds a Doctor of Humane Letters and a Bachelor of Science in Business Administration from the College of Saint Rose, as well as an MBA from the University of Chicago Booth School of Business.

Upon joining the board, Ling will serve on the Audit Committee and Corporate Governance and Nominating Committee.

Manulife Financial Corporation operates internationally under the Manulife brand in Canada, Asia, and Europe, and primarily as John Hancock in the United States. The company provides financial advice, insurance, and investment services through its Manulife Wealth & Asset Management division.

As of the end of 2024, Manulife reported having more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers globally. The prominent insurance industry player has been profitable over the last twelve months, with liquid assets exceeding short-term obligations. InvestingPro analysis reveals the company has delivered strong returns over the last five years. Investors can discover 8 additional InvestingPro Tips and comprehensive financial metrics to better evaluate Manulife’s investment potential.

In other recent news, Manulife Financial Corporation and Mahindra & Mahindra Ltd. have announced plans to form a joint venture in India’s life insurance sector. The agreement outlines a 50:50 partnership, with both companies committing up to $400 million each in capital investment. This collaboration aims to provide long-term savings and protection solutions to India’s expanding population. The joint venture will focus on becoming a leading life insurance provider in rural and semi-urban areas while also catering to urban customers with protection solutions. These developments highlight the companies’ strategic move to tap into the growing demand for life insurance in India.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.