People: Manulife Financial Corporation (MFC)

Mr. Michael Bell has been appointed as Senior Executive Vice President and Chief Financial Officer for Manulife Financial Corp. with effect from July 22, 2009, will be responsible for the financial affairs of the Company including Finance, Accounting, Capital, Valuation, Treasury, Controllers, Taxation, Investor Relations and Reinsurance. He will be a member of the Company’s senior executive management committees. Michael will be based in the company’s headquarters in Toronto, Canada. He is a seasoned international insurance executive with a strong actuarial, financial and business management background. Prior to joining Manulife, he spent six years as Executive Vice President and Chief Financial Officer of CIGNA Corporation in Philadelphia, USA. As CFO, Michael directed the global financial functions for this Fortune 200 Company with annual revenue of $20 billion. He also had responsibility for the Investment Management and Strategic Planning functions as well as the Corporate Insurance and run-off Reinsurance businesses. At CIGNA, Michael led the sale of their Retirement business and the purchase of Great West’s healthcare operations. Prior to being appointed CFO at CIGNA, Michael Bell served for two and one half years as President of CIGNA Group Insurance business, and under his leadership earnings in this operation increased nearly threefold over a three year period. In his time at the Company, he advanced through key management positions in Retirement & Investment Services, HealthCare and in individual insurance. In 1994 he became Vice President and Chief Financial Officer for CIGNA's Intracorp subsidiary and in 1995 he was appointed Vice President and Actuary for CIGNA HealthCare. He also served as Vice President of Corporate Accounting and Planning from 1997 through July 2000. Michael graduated summa cum laude from University of Illinois with a B.Sc. in Actuarial Sciences and is a Fellow of the Society of Actuaries.