Friday, July 13, 2012
A Hancock Vet Takes Harstein's Place
Reported by Ben Geier
John Hancock Funds
] has a new president and CEO. Andrew Arnott
, who was previously an executive vice president at the shop, will take over from the retiring Keith Hartstein
in May that Harstein plans to retire in September.
Arnott was the executive vice president for Hancock Investment Management Services, covering third-party and internal asset manager relationships in the U.S. and Asia.
He has been with Hancock since 1993, filling various roles, including chief operating officer of John Hancock Funds. His role as leader of IMS will be filled by Leo Zerilli
Company Press Release
Andrew G. Arnott Named John Hancock Funds President & CEO
BOSTON, July 13, 2012 /PRNewswire/ -- John Hancock Funds has named
Andrew G. Arnott as President and Chief Executive Officer, succeeding
Keith F. Hartstein, who is retiring from the company as previously
"With our growth plans for John Hancock Funds as ambitious as ever, we
are delighted to announce that Andy Arnott is taking on leadership of
the organization," said Jim Boyle, President of John Hancock. "He has
been with John Hancock Funds for nearly 20 years, continually
innovating and growing as a leader and being a driving force behind
Fund's growth and success. He has been involved in all aspects of the
business and proven himself ideally suited to lead the organization
and make our plans a reality."
Most recently, Mr. Arnott served as Executive Vice President of John
Hancock Investment Management Services (IMS), which oversees all third
party and internal asset manager relationships across the John Hancock
and Manulife investment platforms in the U.S. and Asia. This includes
the selection, monitoring and ongoing review of more than 450
investment strategies managed by 80 of the world's premier asset
managers. These firms manage more than $170 billion for John Hancock
and Manulife products including annuities, mutual funds, college
savings, retirement plans and insurance.
In his IMS role, Mr. Arnott worked closely with Mr. Hartstein in
overseeing the positioning of the John Hancock mutual funds product
line, and directing the research of economic, investment market and
competitive trends. He was responsible for investment-related new
business development at John Hancock Funds, including acquisitions,
fund adoptions and closed-end fund offerings.
Since joining John Hancock in 1993, Mr. Arnott has held a number of
senior positions. Prior to heading IMS, he served as Chief Operating
Officer of John Hancock Funds, and at various points in his career led
Product Management, Development, and Marketing. He also served as
Director of Annuity Product Development.
Mr. Arnott holds a Master's degree in Finance from Northeastern
University, and a Bachelor's degree in Business from Boston
University. He serves on the ICI Global Steering Committee and
Closed-End Committee, as well as the Mount Mansfield Educational
Foundation Scholarship Committee.
Succeeding Mr. Arnott as head of John Hancock IMS is Leo Zerilli, Vice
President. In his new role, Mr. Zerilli will assume responsibility for
all internal and third-party asset manager relationships across the
John Hancock and Manulife Investment platforms in the U.S. and Asia,
as well as for guiding the investment product development, product
management, and market research strategies for IMS.
Mr. Zerilli joined John Hancock in 1997, and has played a key role in
expanding the scope and size of IMS over the past 12 years, building
the group's product development, fund implementation process, board
reporting and marketing functions, and leading the strategic direction
of each of these areas.
Mr. Zerilli holds an MBA, Magna cum laude, from Boston University and
a Bachelor's degree from Colgate University. He is a Certified
Investment Management Analyst and a member of the Investment
Management Consultants Association.
In May, Mr. Hartstein announced that he planned to retire from John
Hancock in September after 22 years with the company, the last seven
as President of John Hancock Funds. A recognized leader in the
industry, he served in leadership capacities with the Investment
Company Institute (ICI) and Mutual Fund Education Alliance (MFEA) and
received numerous awards through his career.
About John Hancock Funds
The Boston-based mutual fund business unit of John Hancock Financial,
John Hancock Funds manages more than $74.5 billion in open-end funds,
closed-end funds, private accounts, college savings and retirement
plans, and related party assets for individual and institutional
investors as at March 31, 2012.
About John Hancock Financial and Manulife Financial Corporation
John Hancock Financial is a unit of Manulife Financial Corporation, a
leading Canada-based financial services group with principal
operations in Asia, Canada and the United States. In 2012, John
Hancock celebrates 150 years of serving clients across the United
States, while Manulife celebrates its 125th anniversary. Operating as
Manulife Financial in Canada and in most of Asia, and primarily as
John Hancock in the United States, Manulife Financial Corporation
offers clients a diverse range of financial protection products and
wealth management services through its extensive network of employees,
agents and distribution partners. Funds under management by Manulife
Financial and its subsidiaries were C$512 billion (US$512 billion) as
at March 31, 2012. Manulife Financial Corporation trades as 'MFC' on
the TSX, NYSE and PSE, and under '945' on the SEHK. Manulife Financial
can be found on the Internet at manulife.com.
The John Hancock unit, through its insurance companies, comprises one
of the largest life insurers in the United States. John Hancock offers
a broad range of financial products and services, including life
insurance, annuities, fixed products, mutual funds, 401(k) plans,
long-term care insurance, college savings, and other forms of business
insurance. Additional information about John Hancock may be found at
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