Hancock Taps Cloherty for Compliance

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Robert Frechette

John Hancock Financial, the U.S. division of Manulife Financial Corp., has named Kevin Cloherty Senior Vice President and Global Compliance Chief. Cloherty succeeds James Gallagher, who was appointed General Counsel and Chief Administrative Officer for John Hancock.

Cloherty was previously Senior Vice President and Deputy Global Compliance Chief to Gallagher. In his new role he is responsible for Manulife’s compliance activities throughout Canada, Asia and the U.S. 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. He is based in Boston.

Cloherty has served 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 joined Manulife and John Hancock in 2005 from Testa, Hurwitz & Thibeault, where he was a partner in the Litigation Practice Group specializing in internal investigations and white collar criminal defense.

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