Manulife Financial this week said that Craig Bromley will be appointed senior executive vice president and general manager, U.S. Division, and president of John Hancock Financial Services, effective September 1.
Bromley, who replaces the outgoing Jim Boyle, will report directly to Manulife’s chief executive officer Donald A. Guloien. According to the firm, Boyle will be retiring after more than 20 years at Manulife and will remain at John Hancock through the end of the fiscal year “in order to facilitate a smooth transition.”
Boyle, who was based in Boston, was responsible for directing all phases of John Hancock’s units, which include life insurance, long-term care insurance, mutual funds, 401(k) plans and annuities.
Bromley is currently leading Manulife’s business in Japan as the EVP and General Manager of Manulife Japan. Earlier in his career, Bromley led Manulife's merger with John Hancock Financial Services, Inc. in 2004.
“I want to thank Jim for his considerable service to John Hancock, our customers and our employees,” Guloien stated. “During a career of many highlights, I want to single out Jim’s leadership of the past few years when he led the repositioning of John Hancock’s businesses. We will continue to see the benefits of his efforts for years to come.”
Boyle's retirement follows that of Keith Harstein's, chief executive officer of John Hancock Funds.