Manulife or Manulife Financial is a Canadian insurance company and financial services provider, with its corporate headquarters in Toronto, Ontario, Canada. The company operates in Canada and Asia as "Manulife" and in the United States primarily through its John Hancock Financial division. As of December 2015, the company employed approximately 34,000 people and had 63,000 agents under contract, and has $935 billion CAD in assets under management and administration. Manulife Services over 20 million customers worldwide. Manulife is the largest insurance company in Canada and the 28th largest fund manager in the world based on worldwide institutional AUM.[clarification needed] Manulife Bank of Canada is a wholly owned subsidiary of Manulife.