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MCBL Board of Directors

Sachin N. Shah 


Sachin N. Shah was appointed General Manager, Emerging Markets, Asia in August 2020. He is a member of Manulife’s Asia Executive Committee and Global Leadership Team.

Sachin is responsible for driving the development of the Company’s operations in Southeast and South Asia – namely Cambodia, India, Indonesia, Malaysia, Myanmar, Philippines and Vietnam. The General Managers of these markets report to him. He is based in Singapore.

Sachin has vast industry experience, principally in Asia and the United States. He joined Manulife from AIG, where he was CEO, Asia Pacific General Insurance. He previously held a variety of senior leadership roles across a 20-year tenure at MetLife, most recently as Chairman, President and CEO, MetLife Japan. Sachin also served as President of the American Chamber of Commerce in Japan.

He has a Masters in Finance and Technology from Stevens Institute of Technology.

Neil Bowyer

Executive Director

Neil Bowyer is the President of Manulife China Bank. He was elected director of the Company in 2022.

As President and CEO, Neil is responsible for overseeing MCBL's business strategy and operations, and leveraging the synergies and combined strengths of Manulife and China Bank as it continues its performance as one of the Philippines' high-performing bancassurance companies.

Neil has a wealth of experience in leading bancassurance partnerships, multi-channel distribution, and business transformation. Prior to joining another regional insurer in 2018, where he was Director for Group Partnership Distribution, Neil was Chief Bancassurance Officer for Manulife Singapore. There, he was responsible for the overall development of our bancassurance operations in the country, including Strategy, Distribution Operations, Business Development, Sales, and Learning & Development.

Rahul Hora


Rahul Hora is President and Chief Executive Officer of Manulife Philippines. He was elected to the Board in 2022.

As President and CEO, Rahul is responsible for the development and execution of Manulife's strategy in the Philippines, supercharging the business so we can continue making every day better for more Filipinos.

Hora is an insurance industry veteran, having taken on various sales and distribution leadership roles in operations, agency, and bancassurance across geographies. He joins Manulife from another multinational insurance company, where he held distribution roles at market and regional levels, and most recently led their life and non-life insurance operations in the Philippines

Patrick Cheng

Non-Executive Director

Patrick Cheng was elected as a Non-Executive Director of the Company in December 2019. He is currently the Chief Financial Officer of China Banking Corporation, the Chairman of China Bank Insurance Brokers, Inc.’s Board of Directors, and a director of China Bank Savings Inc.

Patrick has a deep experience in banking starting with Citibank N.A. as the Vice-President for Global Consumer Bank where he held positions of increasing responsibility such as Treasury and Investments Director, Retail Bank Business Director and Insurance Director. He then became HSBC Manila Branch’s Senior Vice-President for Premier and Wealth Management , and thereafter the President and CEO of HSBC Savings Bank (Phils) Inc. He was also a two term President of the Chamber of Thrift Banks. Patrick also served as the Philippine Bank of Communications Executive Vice President and Head of Trust & Wealth Management, and China Banking Corporation's Senior Vice President and Trust Officer.

Patrick graduated Magna Cum Laude from the University of the Philipines-Diliman with a degree in Business Administration and Accountancy. He also graduated with distinction from Hult International School of Business in Cambridge, Massachusetts, with a Master’s degree in Management. He placed 7th in the National Certified Public Accountants Exam.

James Dee

Non-Executive Director

James Dee is the President of China Bank Savings Inc. (CBSI). The Bangko Sentral ng Pilipinas (BSP) approved his secondment appointment on November 19, 2012.  

Prior to his election as director/president of CBSI, he was the Asset-Liability Management Head of the Treasury Group of China Bank Corp[oratiomn since 2009, and Treasurer and Head of Treasury Group of CBSI since 2012. Mr. Dee is also a member of CBSI Board-level committees - Vice Chairman of the Retirement Committee and Remuneration Commiteee, and a member of the Executive Committee. In the past, he also held key positions at the Trust Group of China Bank and Citibank, N.A. Philippines. 

Mr. Dee holds a Bachelor of Science degree in Mechanical Engineering from the University of the Philippines, and a Master's degree in Business Management from the Asian Institute of Management. He trained with the Regional Treasury Certifications from Citigroup, N.A.; Treasury Certification Program from Ateneo-BAP, and ICAAP Risk Models Validation from SGV. Furthermore, he graduated with distinction on a one-year course on Trust Operation from the Trust Institute Foundation of the Philippines.

Matthew Lawrence

Non-Executive Director

Matthew Edward Lawrence serves as a non-executive director of Manulife Philippines, Manulife Financial Plans, Inc., and Manulife China Bank Life Assurance Corp. He was first elected as director on 01 October 2019. He also serves as a member of the Company's Audit Committee, Nomination and Remuneration Committee, and Related Party Transactions Committee.

Matt joined Manulife as Regional Controller, Asia, on 30 June 2019. In this role, he is responsible for the Asia regional finance team, overseeing financial planning & analysis, management reporting, expense management and accounting policy.

Matt has over 20 years of experience in the insurance industry, holding leadership positions in both the corporate and professional services fields that span across North America, Europe and Asia. Prior to joining Manulife, he worked at Prudential where he held a series of progressive roles; most recently as Finance Director of Prudential Assurance Company Singapore, where he was responsible for strategic planning and analysis, financial reporting, finance operations, and finance innovation. Prior to his time with Prudential, he spent many years at KPMG and has experience that covers accounting advisory, audit, and transaction services.

A Chartered Accountant and Fellow of the Institute of Chartered Accountants in England and Wales, Matt holds a Bachelor of Science in Economics from London School of Economics and Political Science. He speaks frequently at industry events on the subject of accounting change for insurance, most recently speaking at events in Singapore, Hong Kong and South Korea.

Janette Peña

Independent Director

Janette L. Pena is an Independent Director of the Company and of its affiliates, Manulife Philippines and Manulife Financial Plans, Inc.  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.

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 CEO-President and Chief Consultant of his company, Mr. Fave Management Training & Consulting Services. He acts as his company’s Management Consultant, TQM & ISO 9001 Adviser, Keynote Speaker, Trainer for Webinars and Seminars, and Book Editor. Likewise, he serves as a consultant/ adviser of Inkwell Publishing Co., Inc., VFP Business Support Services, Inc., and Blue Macay Food Manufacturing Group. He is also an accredited speaker/ trainer/ consultant of South East Asia Speakers & Trainers Bureau Inc., Ariva Academy, and SMESoft.

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.

Maria Theresa Quirino

Independent Director

Maria Theresa Quirino is an Independent Director of Manulife Philippines, Manulife Financial Plans, Inc., and Manulife China Bank Life Assurance Corp. She was first elected as director of the Company in December 2023. 

Tere has over 35 years of work experience in public financial management reforms and banking operations (asset and liability management, treasury and treasury operations, and risk management). She has worked for 10 years with the various projects of multilateral and bilateral agencies (Asian Development Bank, DFAT/Department of Foreign Affairs and Trade by the Australian Government and USAID) as consultant/adviser on various government reforms in the areas of budget and treasury management, public debt management, tax administration, procurement, and domestic resource mobilization. 

Prior to this, Tere worked with the Development Bank of the Philippines for over 15 years, last holding the position of Senior Executive Vice President and Treasurer/CFO.   

Tere holds a Bachelor of Science degree from the Polytechnic University of the Philippines and is a Certified Public Accountant.