Skip to main content
Back

Our People

Manulife’s strong leadership team is composed of men and women who are experts in their fields.  Our leaders are committed to provide you the highest level of professionalism to ensure that your best interest is served.

Joachim Wessling

Joachim Wessling

Chairperson

Joachim Wessling is the Chairperson of the Board of Directors of Manulife Philippines, Manulife Financial Plans, Inc., and Manulife China Bank Life Assurance Corp. He was first elected as director of the Company in April 2018.

Joachim is currently the Executive Vice President & General Manager, Emerging Markets of Manulife Financial Asia Ltd. Prior to this role, he was with another insurance company for more than three (3) decades where he was assigned to different territories as Chief Executive Officer and Country Manager. He also serves as the Chairperson of Manulife (Cambodia) PLC, and Manulife Insurance (Thailand) Public Company Limited.

Joachim holds an Economics degree from the Verwaltungs-und Wirtschaftsakademie in Germany.

Richard Bates

Richard Bates

Executive Director

Richard Bates is the President and Chief Executive Officer of Manulife Philippines. He is also a member of the board of the company. Richard assumed office on August 5, 2019. 

Richard is responsible for the overall strategy and development of Manulife’s business in the Philippines. His remit is to ensure that the company is focused on Manulife’s mission to make customers’ decisions easier and lives better.

Richard is a finance industry veteran, who has a strong background in advancing insurance penetration in emerging markets in Asia. Prior to joining Manulife, he served as CEO of a multinational insurance firm in Cambodia, where he spearheaded the company’s market entry and launched its multi-channel operations. Prior to this posting, Richard was responsible for the Asia operations of a private equity fund focused on investing and incubating insurance start-ups. He also previously led a multinational consulting firm’s deal strategy unit in Hong Kong and its financial services line of business across Asia. Beyond his work in insurance and finance, Richard has also been involved in a charity that supports adults with learning disabilities in Hong Kong.

Richard holds a Bachelor of Arts (Hons) degree in Business Studies from the University of Portsmouth in England.

Kenneth Dai

Non-executive Director

Kenneth Dai joined Manulife Financial in June 1999 and now serves as Vice President and Chief Actuary of Manulife Asia.

With more than 15 years of experience in Manulife Asia, Kenneth has a wide range of experience and knowledge in various functions including pricing, product development, finance and valuation.

Kenneth was first elected as a Non-Executive Director of Manulife Philippines and its affiliates, Manulife China Bank Life Assurance Corp. and Manulife Financial Plans, Inc., in April 2016.  

Kenneth holds a Bachelor of Science in Actuarial Science from Hong Kong University and is a Fellow of the Society of Actuaries.

Conrado Favorito

Independent Director

Conrado Favorito is an Independent Director of Manulife Philippines, Manulife Financial Plans, Inc., and Manulife China Bank Life Assurance Corp. He was first elected as director of the Company in April 2018.

He is currently the Chief Executive Officer-President and Chief Consultant of his company, Mr. Fave Management Training & Consulting Services. He serves as his company’s TQM & ISO 9001 Adviser, Keynote Speaker, Trainer, Author/ Editor and Resource-person. Likewise, he is a consultant/ adviser of Inkwell Publishing Co., Inc., VFP Business Support Services, Inc., Blue Macay Food Manufacturing Group, and the Philippine Advocates for Consultants & Trainers. He is also an accredited partner/ speaker/ trainer of MSS Business Solutions, Ariva Academy, South East Asia Speakers & Trainers Bureau, SMESoft, AIB Training & Events, Thought Leaders Philippines Speakers Bureau, and Synerquest Management Consultancy Services, Inc.

Conrad holds a Pre-Divinity/Philosophy degree from the Ateneo de Manila University and a Master in Business Management degree from the Asian Institute of Management.

Rhoda Regina Reyes-Rara

Independent Director

Rhoda Regina Rara serves as an Independent Director and chairs the Nomination and Remuneration Committee and Related Party Transaction Committee of the Company.

She was first elected as Independent Director in September 2007. 

Presently, Regina is the Managing Partner of MarksPro Philippines/Law Firm of Reyes Rara & Associates. She is also the Vice President for Internal Affairs of the Intellectual Property Professors & Research Organization of the Philippines, a Professor of Criminal Law at the De La Salle University College of Law, and an accredited lecturer of the Mandatory Continuing Legal Education for members of the Integrated Bar of the Philippines. 

Prior to her present roles, Regina was a Partner at Ponce Enrile Reyes & Manalastas Law Offices (1990-2004), Corporate Secretary of First Asia Realty Development Corp. (1996-2004), and Phil. Global Communications, Inc. (1994 – 1996).

Regina holds Bachelor of Science in Legal Management and Bachelor of Laws degrees from the Ateneo de Manila University.

Janette Peña

Janette Peña

Independent Director

Janette L. Pena is an Independent Director and chairs the Audit Committe of the Company and of its affiliates, Manulife Financial Plans, Inc., and Manulife China Bank Life Assurance Corp.

She was first elected as Independent Director of the Company in 2007. She is also the Chair of the Audit Committee of the Company.

Janette is currently engaged in legal consultation and special projects.  She is a director and/or corporate secretary of Central Azucarera de Tarlac, Inc., Chinese International School, Inc., First Lucky Group of Companies, Oak Drive Group of Companies, and the China Oceanis Group of Companies.

Prior to her present roles, Janette was a Senior Partner at Ponce Enrile Reyes Manalastas Law Offices (1985-2003); Director and Corporate Secretary of Pancake House Group of Companies (2000-2014), Bousted Technologies (2004-2013), Corporate Secretary of Salcon Holdings (2003-2009), Del Monte Philippines and Philippine Plaza Holdings (1995-2003).

Janette holds a Bachelor of Science degree in Business Economics and a Bachelor of Laws degree from the University of the Philippines, and Master of Laws from Harvard Law School.

Confirm