Strategic hire in Product and Marketing joins newly-formed unit
Boston– John Hancock’s Retirement Income and Rollover Solutions business unit has named Michael Zargaj as Vice President and head of Product and Marketing, the company announced today. Mr. Zargaj, who reports to David Longfritz, Senior Vice President and General Manager, joined the firm April 2.
“As we develop integrated lifetime income solutions for individuals facing retirement, the product and marketing function is an important one and we are pleased to have Mike fill that role,” said Mr. Longfritz. “I have known and worked with Mike for many years and know he has both the product expertise and importantly, knowledge of the sales process, to be immediately successful helping us build out product and related marketing systems.”
Mr. Zargaj, 38, most recently was Senior Editor with Standard & Poor’s Financial Communications in Boston, where he was part of the senior management team providing marketing communications tools and thought leadership services to financial services client companies. Prior to that he was managing editor for Liberty Publishing in Danvers, Massachusetts, and also worked for the Jones Company, a Boston-area wealth management and financial planning boutique. Mr. Zargaj holds a BA in economics from the University of Massachusetts at Amherst.
Already a leader in variable annuities, mutual funds and 401(k) financial products, John Hancock formed the Retirement Income and Rollover Solutions business unit earlier this year specifically to create new solutions that complement and complete clients’ lifetime retirement income goals. With the highest financial strength rating assigned by Standard & Poor’s, AAA, John Hancock is strategically positioned to serve the individual retirement market by providing guaranteed lifetime withdrawal benefits and other key retirement income products.
About John Hancock and Manulife Financial
John Hancock is a wholly-owned subsidiary of Manulife Financial Corporation, 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$414 billion (US$355 billion) as at December 31, 2006.
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 life insurance, fixed and variable annuities, mutual funds, 401(k) plans, long-term care insurance, college savings and other forms of business insurance.
John Hancock carries the highest—“AAA”—financial strength rating from Standard & Poor’s Ratings Services.
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