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Wilfrid Laurier University School of Business & Economics
April 23, 2014
 
 
Canadian Excellence

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Paul Rooney, Chief Operating Officer, Manulife Financial



Paul Rooney assumed the newly-created role of Manulife Financial’s Chief Operating Officer on January 1, 2013. In this position, he is responsible for overseeing areas critical to the Company's global operations, including Corporate Strategy, Corporate Development, Capital Solutions, Human Resources, Branding & Communications, Information Services, Procurement, and Global Resourcing. He is a member of Manulife Financial’s Executive Committee.

Since Mr. Rooney joined Manulife as an actuarial student in 1986, he has held increasingly responsible roles that provided wide-ranging experience and helped him develop into the senior leader he is today.

Before beginning his current role, he served as President and CEO of Manulife’s Canadian Division. He assumed this position in April 2007 and under his leadership, Canadian Division continued to develop, grow and position itself for the future during the tumultuous years of the economic recession. Mr. Rooney’s successful growth strategy for Canadian Division focused on leveraging its balance and diversity, rebalancing products to reduce risk, protecting margins and delivering innovative solutions to help meet Canadians' financial needs.

Before taking over leadership of Canadian Division, Mr. Rooney was the Chief Financial Officer for the Division, a position he assumed in March 2006. This followed a focus on individual insurance that began in 1998 when Mr. Rooney became Vice President and General Manager of Affinity Markets. The significant growth and success that the business unit experienced under his leadership resulted in the expanded role he assumed in 2001 as Executive Vice President of Individual Insurance. In addition to continued responsibility for Affinity Markets, this position encompassed leadership for all Individual Insurance activities and joint responsibility for Distribution.

Mr. Rooney's versatility and strategic marketing and financial expertise have been critical factors throughout his Manulife career. In 1996, he served as Vice President and Chief Financial Officer, U.S. Savings and Retirement Services and North American Group Pensions. Prior to that, he had been promoted to Assistant Vice President and Product Manager of U.S. Individual Marketing, after serving as Actuary of the U.S. Corporate Financial area since 1991.

Mr. Rooney sits on senior committees at the Canadian Life and Health Insurance Association and Assuris, a Canadian not-for-profit organization that protects policyholders. He is also a Member of the Dean's Advisory Council for Wilfrid Laurier's School of Business and Economics and a Member of the C.D. Howe Institute’s Financial Services Research Initiative.

Mr. Rooney holds an Honours Bachelor of Science from The University of Western Ontario and is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries.