Sheila Fraser appointed to Manulife Board of Directors

Nov 03, 2011, 08:24 ET from Manulife Financial


TORONTO, Nov. 3, 2011 /PRNewswire/ - Manulife Financial Corporation and The Manufacturers Life Insurance Company announced today that Sheila Fraser has been appointed to their Boards of Directors, effective November 2, 2011.  Ms. Fraser will sit on the Audit Committee and the Conduct Review and Ethics Committee.

Ms. Fraser served as Auditor General of Canada from 2001 to 2011.  Prior to joining the Office of the Auditor General as Deputy Auditor General in 1999, she was a partner at Ernst and Young for 18 years.

Her contributions to the accounting and auditing profession include her current role as member of the International Federation of Accountants-International Public Sector Accounting Standards Board (IFAC-IPSASB).  She has also chaired two committees of the International Organization of Supreme Audit Institutions (INTOSAI) as well as the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants.

Ms. Fraser earned a Bachelor of Commerce from McGill University, is a Chartered Accountant and among her many honours has received the designation "Fellow" from the Institute of Chartered Accountants of Ontario and the Ordre des comptables agréés du Québec.

"Ms. Fraser's financial background, management experience as Auditor General of Canada and leadership roles on international accounting issues make her an important addition to Manulife," said Manulife Chair, Gail Cook-Bennett.  "We are delighted to welcome Sheila Fraser to our Boards."

About Manulife Financial

Manulife Financial is a leading Canada-based financial services group operating in 21 countries and territories worldwide. For more than 120 years, clients have looked to Manulife for strong, reliable, trustworthy and forward-thinking solutions for their most significant financial decisions. Our international network of employees, agents and distribution partners offers financial protection and wealth management products and services to millions of clients. We provide asset management services to institutional customers worldwide as well as reinsurance solutions, specializing in property and casualty retrocession. Funds under management by Manulife Financial and its subsidiaries were C$492billion (US$473 billion) as at September 30, 2011. The Company operates as Manulife Financial in Canada and Asia and primarily as John Hancock in the United States.

Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial can be found on the Internet at

SOURCE Manulife Financial