, who became John Hancock Funds'
chief operating officer last fall, has a new role.
Arnott is now executive vice president in John Hancock
Financial's investment management services team, The MFWire
| Andrew Arnott |
John Hancock Financial
The change occurred in late June.
Arnott now reports to Hugh McHaffie
, president of John Hancock Wealth
Management. Arnott retains some of his duties for the mutual funds, continuing
to support John Hancock Funds CEO Keith Hartstein in product management, product management and fund adoption efforts.
, executive vice president of IMS, and his team have taken on the
newly created roles of asset allocation portfolio managers reporting to
, senior executive vice president and chief investment officer
of MFC Global Investment Management
. Speca's team includes Bob Boyda
and Steven Medina
, both senior vice presidents.
"Under the direction of Bruce Speca and his team in IMS, our asset allocation investment platform (Lifestyle and Lifecycle funds) has grown to more than $65 billion, a level requiring their dedicated focus," wrote Hancock spokeswoman Beth McGoldrick in e-mailed comments to the The MFWire
"With this change, oversight of our US investment management platform (IMS) will now reside within John Hancock's US Wealth Management organization, under Andrew Arnott," McGoldrick added.
As to whether Hancock Funds plans to name a new COO, she replied: "Because Andrew retains product development and product management responsibilities for funds as well as other wealth management businesses, we felt it was not necessary to retain the Funds COO title."
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