BOSTON, MA—Michael Doughty has been named Executive Vice President and General Manager of U.S. Life Insurance, John Hancock President Jim Boyle said today.
Mr. Doughty, whose appointment is effective immediately, replaces Steve Finch who has assumed the role of Chief Financial Officer for John Hancock. John Hancock is the U.S. division of Toronto-based Manulife Financial Corporation.
“I am very pleased to have Michael join our U.S. leadership team. He is a talented executive with both deep and broad experience in the financial services industry,” Mr. Boyle said. “He brings a unique perspective to the U.S. life insurance business, which will prove useful as we continue to build new products and services for our customers and distributors across the United States."
Before joining John Hancock, Mr. Doughty was Executive Vice President, Individual Insurance for Manulife’s Canadian division. He was responsible for Manulife’s life and living benefits products in Canada as well as the Affinity Markets business, which includes life, health, accident, travel and disability insurance.
Previously, he was Senior Vice President of Individual Insurance and had been Senior Vice President of Group Savings & Retirement Solutions. Mr. Doughty, who joined Manulife in 1992, has held a number of senior marketing positions in both Canadian and Corporate Operations.
Mr. Doughty graduated with a B.A. in History from Queen’s University in Kingston, Ontario.
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, fixed and variable 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 johnhancock.com.