John Hancock Appoints John J. Danello as Vice President and Chief Counsel for U.S. Wealth Management Division

Strategic Insights -

John Hancock's President and Chief Executive Officer, John D. DesPrez III, announced the appointment of John J. Danello as vice president and chief counsel for the company's U.S. Wealth Management Division. Danello will oversee the legal team and services for all U.S. Wealth Management businesses, including investment management, annuities, mutual funds, and group pensions. His extensive experience in managing regulatory, compliance, and legal matters will contribute to the division's continued success. Before joining John Hancock, Danello worked at Allmerica Financial, Tucker Anthony Sutro Corporation, and Goodwin Procter LLP.

Key Takeaways:

  • Danello will oversee the legal team and services for all U.S. Wealth Management businesses, including investment management, annuities, mutual funds, and group pensions.
  • Danello has extensive experience in managing regulatory, compliance, and legal matters associated with wealth management products.
  • He will report to President John D. DesPrez III and Jonathan Chiel, John Hancock's Executive Vice President and General Counsel.
  • Danello joins John Hancock from Allmerica Financial, where he was vice president and group counsel for asset management and insurance companies.
  • Danello's experience also includes working at Tucker Anthony Sutro Corporation and Goodwin Procter LLP.

Statistics:

  • Total funds under management by Manulife Financial and its subsidiaries were Cdn$348 billion (US$289 billion) as of December 31, 2004.
  • John Hancock offers a broad range of financial products and services, including whole life, term life, variable life, and universal life insurance.
  • John Hancock has a significant presence in the United States, operating as one of the largest life insurers in the country.

Sources:

http://www.manulife.com/

http://www.jhancock.com/

John Hancock Financial Services, Inc. press release.