John Hancock Funds has named Andrew G. Arnott as president and chief executive officer, succeeding Keith F. Hartstein, who is retiring.

Most recently, Arnott served as executive vice president of John Hancock Investment Management Services, which oversees all third party and internal asset manager relationships across the John Hancock and Manulife investment platforms in the U.S. and Asia. Arnott worked closely with Hartstein in overseeing the positioning of the John Hancock mutual funds product line, and directing the research of economic, investment market and competitive trends. Succeeding Arnott as head of John Hancock IMS is Leo Zerilli, who joined John Hancock in 1997.

"With our growth plans for John Hancock Funds as ambitious as ever, we are delighted to announce that Andy Arnott is taking on leadership of the organization," stated Jim Boyle, president of John Hancock.

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