Manulife Financial Corporation celebrated the 25th anniversary of its initial public offering (IPO) on the Hong Kong Exchanges and Clearing Limited (HKEX), marking a significant milestone in its journey. Over the past quarter-century, the insurer’s market capitalization has surged from approximately $47 billion to over $400 billion, yielding a total return exceeding 1,000% for its shareholders.
The company has also seen substantial growth in its Hong Kong workforce, expanding from a small team to 2,600 employees, alongside partnerships with more than 10,000 professional agents. Currently, Manulife serves over 2.5 million customers in Hong Kong and Macau, solidifying its position as a key player in the region’s financial landscape.
Phil Witherington, president and CEO of Manulife Asia, expressed pride in the company’s impact, stating, “We are proud to count 1 in 3 people in Hong Kong as our customers, making us an integral part of the city’s fabric. We feel privileged that the Hong Kong SAR has been a dynamic base for our growth across Asia and remains a cornerstone of our regional business.”
Listed on the HKEX since 1999, Manulife has also established itself as the leading provider of Mandatory Provident Fund (MPF) services in Hong Kong, managing over $342 billion in assets.
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