Manulife Investments has appointed Paul Lorentz as senior vice president of investment products and president of investments to lead the company's future growth strategy for investment products in Canada.

In his new role, Mr Lorentz will lead the organization that focuses on investment fund products, including segregated funds, mutual funds, annuities and guaranteed products.

Most recently, Mr Lorentz led the company’s distribution organization that delivers the expertise, service and information to support its distribution partners and more than 40,000 advisors across the country.

Roy Firth, executive vice president of individual wealth management at Manulife Financial, said: “This is a new senior executive position in our Canadian business that reflects our view that our Wealth Management business holds tremendous potential. We are strategically focusing on our wealth operations to ensure we are well-positioned to leverage these opportunities.

“Already we have expanded the breadth of our operations through acquisitions, invested in developing innovative products and strengthened our distribution channels for this market.”