On Dec. 16 Manulife Financial announced that, once its acquisition of Standard Life's Canadian operations is complete, Charles Guay will become president and CEO of Manulife Québec and will also serve as executive vice president of institutional markets for Manulife Canada.
As head of Manulife Québec, Guay will be responsible for developing and implementing a strategy to significantly increase the insurer’s presence in Québec, while as the EVP of institutional markets he will lead the Canadian division's group benefits, group savings, and affinity markets business. Guay succeeds executive vice president Rick Brunet, whose sole focus is now to integrate Standard Life’s operations into Manulife.
Before becoming president and CEO of Standard Life in January 2012, Guay held several executive positions with the National Bank of Canada, including president and CEO of National Bank Securities. He has a bachelor’s degree in business administration from Université Laval and is a Fellow of the Canadian Securities Institute.