Boston– Paul Fichera has joined John Hancock Retirement Plan Services (JHRPS) as Senior Vice President of Sales Development Services, it was announced today by James Brockelman, Executive Vice President, JHRPS.
In his new role, Mr. Fichera will be responsible for several key areas that support the JHRPS sales efforts internally including MIS, budget, compensation, IT initiatives, training and development, conference planning, broker services, and the resource center for large plans. He also will be a member of the JHRPS senior management and strategy team.
“I have known Paul professionally for more than 20 years and am very pleased to have him join our fine organization,” said Mr. Brockelman. “He is a highly skilled and experienced executive and will be a key player as we continue to build our market-leading sales organization.”
Prior to joining John Hancock, Mr. Fichera was Senior Vice President, Director of Product Development and Sales Support at Massachusetts Financial Services (MFS) where he spent nearly 10 years implementing strategic product initiatives and managing multiple distribution support groups. Before MFS, Mr. Fichera worked for 12 years at Putnam Investments in various capacities, the last as Senior Vice President and Product Manager, Defined Contribution Plans.
Mr. Fichera graduated with a Bachelor’s degree from Wesleyan University and holds an MBA from Babson College. He is a member and Programs Committee co-chair for the Retirement Income Industry Association (RIIA).
About John Hancock Retirement Plan Services
Among mutual fund, life insurance companies and banks, JHRPS is ranked as the #1 provider to 401(k)s based on number of 401(k) plans managed, according CFO Magazine. (CFO Magazine 401(k) Buyers Guide Study, published May 2007.)
About John Hancock and Manulife Financial
Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company 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 Cdn$399.0 billion (US$400.5 billion) as at September 30, 2007.
Manulife Financial is one of two publicly traded life insurance companies in North America whose rated life insurance subsidiaries hold Standard & Poor’s Rating Services’ highest “AAA” rating and Moody’s Investor Services’ second highest “Aa1” rating 1, both representing financial strength.
Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.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 whole life, term life, variable life, and universal life insurance, as well as college savings products, fixed and variable annuities, long-term care insurance, mutual funds and various forms of business insurance.
Both John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York do business under certain instances using the John Hancock Retirement Plan Services name. Group annuity contracts are issued by John Hancock Life Insurance Company (U.S.A.), 601 Congress Street, Boston, MA 02116, which is licensed and offers products in all states, except New York. Product features and availability may differ by state. Group annuity contracts and administrative services or record keeping agreements issued in New York are only issued by John Hancock Life Insurance Company of New York, 100 Summit Lake Drive, Valhalla, New York 10595, which is licensed in New York.
1These ratings which are current as of October 22, 2007 and are subject to change, apply to John Hancock Life Insurance Company (U.S.A.) and its subsidiaries as a measure of the company's ability to honor the death benefit and life annuitization guarantees, but not specific to its products, the performance of these products, the value of any investment in these products upon withdrawal or to individual securities held in any portfolio. Insurance ratings do not apply to the safety and performance of separate accounts. These ratings apply to John Hancock Life Insurance Company (U.S.A.) and John Hancock Life Insurance Company of New York with the exception of Moody's, which does not rate John Hancock Life Insurance Company of New York.
©2007 John Hancock. All rights reserved.
SOURCE: John Hancock Retirement Plan Services
- 30 -
Melissa Simon Berczuk