John Hancock Financial Services of Boston is getting serious about developing new growth opportunities and is seeking acquisition targets outside of its existing line of businesses.

A spokesman for John Hancock declined to specify what types of businesses the firm is targeting, but CEO David DÂ’Alessandro said the growth through acquisition drive comes at a "critical" time for the firm. "We will continue to grow our existing distribution channels, but we must look outside that current business mix for growth opportunities, both domestic and international," he said in a statement.

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