President and Chief Executive Officer of Manulife Financial since January 1994, Mr. D’Alessandro has led the Company to its eleventh consecutive year of record financial performance, resulting in Manulife being among the most profitable life insurance companies in North America.
Mr. D’Alessandro led the successful demutualization and conversion of the Company to public company status in September 1999. This important accomplishment set the stage for the Company to become a world leader in the financial services industry. In 2004, he managed the largest cross-border transaction in Canadian history with the successful completion of the merger with John Hancock Financial Services, creating the second largest life insurance company in North America and the fifth largest in the world.
Mr. D’Alessandro continues to endorse and promote Manulife’s values, established under his leadership in 1994, common to all business divisions around the world. These values are summarized by the acronym PRIDE, which stands for Professionalism, Real Value to Customers, Integrity, Demonstrated Financial Strength, and Employer of Choice.
Being a good corporate citizen is an integral part of the Company’s values. Donation and sponsorship commitments to the communities where the Company does business have increased considerably. Mr. D’Alessandro is also personally committed to citizenship. He was Campaign Chair for the Salvation Army, Ontario Central Division’s first Capital Campaign. He was also Campaign Chair for the Greater Toronto United Way Campaign in 1998 and, in 1996, served as Co-chairman of the Corporate Fund for Breast Cancer Research Campaign.
Mr. D’Alessandro is a Vice Chairman of the Board of the Canadian Council of Chief Executives and is Past Chairman of the Board of the Canadian Life and Health Insurance Association. As President of Manulife, Mr. D’Alessandro is a member of the Board of Directors and Chairman of the Company’s Management Committee.
As well as receiving numerous other awards, Mr. D’Alessandro was named an Officer of the Order of Canada in August 2003. He was named ‘Canada’s Most Respected CEO’ for 2004 and ‘Canada’s Outstanding CEO of the Year 2002’ by his peers for his contribution to business and the community. He is recipient of a 2005 Horatio Alger Award, and has also received a Special Lifetime Management Achievement Award from McGill University in February 2005, Concordia University’s Loyola Medal in May 2004, the University of Toronto’s Arbour Award in September 1999, and an Honourary Doctorate from Concordia University in June 1998. Mr. D’Alessandro was also made a Fellow of the Institute of Chartered Accountants in 1993.