Manulife Financial, the financial arm of the Canadian insurer and financial group, has appointed Philip Witherington as its senior vice-president and chief financial officer for Asia.
Based in Hong Kong overseeing the Asia-Pacific region, Witherington joins from HSBC where he last helmed the finance division for its retail banking and wealth management global business in Asia-Pacific.
Manulife Financial is listed on bourses in Canada, Hong Kong, the Philippines and New York. The appointment is subject to regulatory approval. He is expected to assume the new position in a few months, according to the company’s spokesperson.
Witherington will report to Steve Roder, Manulife Financial’s senior executive vice-president and CFO, and Robert Cook, senior EVP and general manager of Asia.
Witherington will be tasked with spearheading Manulife’s growth in Asia, transforming its finance function and managing all finance aspects encompassing income statement, product profitability, tax, capital and risk management, and talent development for the division.
Prior to his tenure at HSBC from 2010 to 2014, Witherington was VP of finance at AIA Group in Hong Kong from 2008 and was instrumental in preparing its public listing in the city. Previously, he spent a decade at KPMG’s London and Hong Kong offices, focusing on financial services audit and advisory services, and served many life insurance clients.
He has held the position of the Royal Geographical Society’s Hong Kong treasurer since 2008.