John Hancock Financial has named James R. Boyle president, in charge of all of the company’s core businesses, including long-term care insurance, variable annuities, 401(k)s, fixed products and mutual funds. He had been president of U.S. insurance.

Before that, Boyle was president of the firm’s U.S. wealth management unit. He joined John Hancock in 1992, having previously worked at PricewaterhouseCoopers.

He succeeds John D. DesPrez III, who has moved on to become chief operating officer of parent company Manulife.

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