Manulife names Katy Boshart as CEO of banking unit

Manulife Financial Corp. says Katy Boshart will take on the role of CEO at Manulife Bank of Canada starting next week.

Boshart comes to the firm from TD Bank, where she most recently led its customer engagement platforms division.

Manulife says Boshart, who has more than 30 years of banking experience in both Canada and the U.S., will be the first woman to lead Manulife Bank.

Boshart takes on the role at a time when Canada has seen several high-profile departures of women in leadership positions in the financial sector.