Kevin J. Cloherty Named Global Compliance Chief For Manulife Financial And John Hancock

Published on Monday, 27 August 2012 11:13 Written by TradersHuddle Staff

BOSTON, Aug. 27, 2012 /PRNewswire/ -- John Hancock Financial, the US division of Manulife Financial Corporation, announced that  Kevin J. Cloherty has been named Senior Vice President and Global Compliance Chief.  Mr. Cloherty succeeds James D. Gallagher who was appointed General Counsel and Chief Administrative Officer for John Hancock. Mr. Cloherty's new role became effective on August 1.

Mr. Cloherty had been Senior Vice President and Deputy Global Compliance Chief to Mr. Gallagher. In his new role, he is responsible for Manulife's compliance activities throughout Canada, Asia and the United States. He reports to J-P. Bisnaire, Manulife's Senior Executive Vice President, Corporate Development and General Counsel, and the Audit Committee of Manulife's Board. Mr. Cloherty is based in Boston.

"Kevin's responsibilities have included serving as advisory counsel to the global compliance community in North America and Asia, as chief counsel to John Hancock's chief compliance officer, and as chief counsel for Manulife's Reinsurance Division and head of its legal team. He has been a valued key advisor to Jim Gallagher, and we congratulate him on his new role," said Mr. Bisnaire.

Mr. Cloherty joined Manulife and John Hancock in 2005 from Testa, Hurwitz & Thibeault LLP, where he was a partner in the Litigation Practice Group specializing in Internal Investigations and White Collar Criminal Defense. Previously, he was Chief of the Drug Unit in the Boston U.S. Attorney's office and the Organized Crime Drug Enforcement Task Force Coordinator for New England, as well as the interim Director of the High Intensity Drug Trafficking Area for New England. In total, Mr. Cloherty spent 11 years with the United States Department of Justice.

He is a cum laude graduate of Harvard Law School and a summa cum laude graduate of Tufts University.

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 125^th 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$514 billion (US$504 billion) as at June 30, 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, 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.

SOURCE John Hancock Financial