The Market Monitor Minding the Nation's Business
Manulife’s President and Chief Executive Officer, Phil Witherington, recently visited Manila to meet with Chinabank’s executive leadership team, celebrating the enduring bancassurance partnership between Manulife Philippines and Chinabank via Manulife China Bank Life Assurance Corporation (MCBL). This high-level meeting builds directly upon the renewed 15-year agreement signed in 2025, which extends their successful alliance that originally began back in 2007.
Operating through a robust network of 650 nationwide Chinabank and China Bank Savings branches, MCBL offers a diverse portfolio of life, health, wealth, savings, and retirement solutions designed to safeguard the financial futures of Filipino families. Following the agreement’s renewal, the joint venture has experienced fresh momentum and impressive double-digit year-on-year growth, driven by Manulife’s global insurance expertise and Chinabank’s trusted domestic presence.
Key executives underscored the shared vision and collaborative strength underpinning MCBL’s ongoing success. Phil Witherington, Hans Sy (Chinabank Chairman), and Amy Gochuico (MCBL President and CEO) all highlighted that trust, shared values, and a deep understanding of local customers will continue to guide the partnership as it enters this dynamic new chapter.