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Hugh McHaffie, as Executive Vice President John Hancock Wealth Management, has responsibility for the Variable Annuity, Retirement Plan Services, Mutual Funds, Fixed Products, Retirement Income & Rollover Solutions and Investment Management Services businesses. John Hancock, the U.S. division of Manulife Financial, is a leading manufacturer and distributor of wealth accumulation and retirement income products in the United States. The broad wealth management product platform enables John Hancock to provide client solutions for their personal, family and business needs. McHaffie is a member of Manulife’s management and executive committees and serves on the board of several John Hancock life insurance companies. He was appointed President of John Hancock Trust and John Hancock Funds II in July 2009.
Prior to this role, McHaffie was Senior Vice President, John Hancock Variable Annuities, a position he assumed in May 2006. This represented a return to Manulife, where he held the position of Vice President, Annuity Product Management, from 1990 through 1999. Prior to rejoining John Hancock, McHaffie was Senior Vice President, Individual Business Product Management for MetLife. McHaffie was responsible for product management of all Individual Life Insurance and Annuity products distributed by MetLife’s multiple distribution channels. He also served as chairman of the Metropolitan Series Fund and president of MetLife Advisors.
From 1990 through 1999, McHaffie was responsible for the development of North American Security Life’s variable annuities distributed though Wood Logan Associates. North American Security Life was a subsidiary of North American Life, a company that merged with Manulife in 1996 and formed the base of the current John Hancock variable annuity business.
McHaffie is a graduate of the University of Toronto with a B.A. in Economics. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.