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Tuesday, January 20, 2015

John Hancock Expands RPS Business

John Hancock Financial, a US division of Manulife Financial Corporation acquires New York Life's Retirement Plan Services business. Within the first half of 2015, all transactions are expected to close and are subject to customary closing conditions and regulatory approvals.

Donald Guloien, President and Chief Executive Officer of Manulife said that “This transaction, similar to our recently announced acquisition of Standard Life’s Canadian operations, will significantly increase our retirement plans business overall.”
“When completed, these transactions will each accelerate our strategy to grow our wealth and asset management businesses around the world,” added Guloien.

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