Manulife Names Stephanie Fadous as New Chief Actuary: A Strategic Move for Future Growth
Manulife, a renowned player in the global financial services sector, has recently appointed Stephanie Fadous as its new chief actuary, a significant move for the company effective May 9, 2025. This appointment follows the transition of Steve Finch to the role of president and CEO of Manulife Asia, marking a pivotal change in the executive leadership team.
Overview of Manulife’s Leadership Change
In her new role, Fadous will be an integral part of the executive leadership team, directly reporting to Phil Witherington, the incoming president and CEO. Headquartered in Toronto, Manulife serves over 33 million customers across Asia, Canada, and the United States, offering a diverse range of financial protection and wealth management products through its brands, Manulife and John Hancock.
Stephanie Fadous: A Proven Leader
Fadous has been a key member of the Manulife team for several years, most recently as the global treasurer and head of capital management. Her extensive experience includes:
- Managing global funding programs
- Overseeing relationships with rating agencies and financial institutions
- Leading the global implementation of IFRS 17 and IFRS 9
- Holding various positions in finance, actuarial, corporate development, and asset liability management
Fadous holds a Bachelor of Science degree in actuarial science and is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries.
Additional Executive Changes at Manulife
Alongside Fadous’s appointment, Hung Ko, the current global head of investor relations, will expand his role to include global head of treasury and investor relations. Ko brings over 20 years of experience in the insurance industry and holds an MBA from McGill University. He is also a CFA charterholder and a certified public accountant in Illinois.
Leadership Insights
Roy Gori, the current president and CEO of Manulife, expressed confidence in Fadous’s capabilities, stating, “Stephanie’s deep understanding of our company, commitment to leading with our values, and unwavering focus on continuous growth will serve her well as chief actuary.”
Phil Witherington also commented positively on her appointment, noting, “Her ability to drive meaningful outcomes and strong focus on delivering results will further strengthen our talented, global team.”
With these strategic changes in leadership, Manulife is poised to enhance its financial services offerings and continue its commitment to customer satisfaction and growth in the competitive financial landscape.
