Manulife Financial Corp. says Donald Guloien will retire as chief executive of the insurance and wealth management company at the end of September.

Guloien will be replaced by Roy Gori, an Australian who joined Manulife in 2015 and has been senior executive vice-president and general manager of Manulife's Asia division.

The company had announced in March that Gori would become president of Manulife effective June 5. He will now add the CEO role and join the company's board of directors on Oct. 1, subject to immigration approvals.

Before joining Manulife, Gori had senior executive roles in the Asia-Pacific region with Citi, a global bank headquartered in New York.

Read: Manulife names Roy Gori as president

Manulife also announced that Craig Bromley, senior executive vice president and general manager of the company's U.S. Division (John Hancock), has left the company.

Michael Doughty, who currently serves as president and general manager of John Hancock Insurance, has been appointed General Manager of U.S. division on an interim basis.

With files from Investment Executive

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