July 13, 2012
--- John Hancock Funds announced Keith F. Hartstein’s retirement and Andrew
G. Arnott as his replacement as president and chief executive. ---
Arnott most recently was 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
on John Hancock’s mutual funds. The firm has a total of $170 billion under
management in mutual funds, as well as annuities, college savings, retirement
plans and insurance.
Arnott was also chief operating officer of John Hancock
Funds, and has served in key executive positions in product management,
development and marketing.
Succeeding Arnott as head of John Hancock Investment
Management Services is Leo Zerilli, vice president. Zerilli joined John Hancock
in 1997 and has worked in investment management for the past 12 years, building
the group’s product development, fund implementation process, board reporting
and marketing functions.
Arnott holds a Master’s degree in finance from Northeastern
University and a Bachelor’s degree in business from Boston University. He
serves on the Global Steering and Close-End Fund Committees of the Investment
Company Institute (ICI), as well as the Mount Mansfield Educational Foundation
Zerilli earned an MBA, Magna cum laude, from Boston University
and a Bachelor’s degree from Colgate University. He is a Certified Investment
Management Analyst and a member of the Investment Management Consultants
Hartstein announced his plans to retire from John Hancock in
May. He has served as president of John Hancock Funds for the past seven years,
has been actively involved with the ICI and the Mutual Fund Education Alliance,
and has earned numerous awards throughout his career. He will step down in September.