Date: 1/21/2015
Source: Incapital
Author: Incapital

Incapital Hires Former John Hancock Financial Services CEO

John D. DesPrez III, Prominent Executive in the Wealth Management & Insurance Industry, Named CEO of Incapital to Spearhead Growth of Business Lines

Incapital has named John D. DesPrez III as its new CEO, bringing on board a veteran of the financial services industry. Mr. DesPrez previously served as CEO of John Hancock Financial Services, and as Chief Operating Officer of Manulife Financial Corp., one of the largest diversified insurance groups in the world. Mr. DesPrez will lead Incapital in its efforts to deliver a growing range of financial products and opportunities by expanding the firm’s presence in the dealer, advisor, and institutional communities.

“John’s senior management experience is an ideal fit for Incapital’s expansion and diversification plans,” said Incapital Chairman Tom Ricketts. “We have experienced dramatic growth over the last several years in business lines such as unit investment trusts and annuities, transforming from an industry leader in corporate bonds to a multi-faceted investment firm that partners with major financial institutions to underwrite and distribute a wide range of investment solutions.” 

Mr. DesPrez oversaw the U.S. operations of Manulife for 10 years, during which time the company purchased John Hancock. Two years later, in addition to the U.S. operations, Mr. DesPrez was also given responsibility for Canada. A year later, he also began overseeing operations in Asia, earning the title of COO with oversight of all the firm’s operating businesses around the globe.

As CEO and President of John Hancock Financial Services, Mr. DesPrez oversaw an operation focusing on wealth management business lines such as annuities, mutual funds, group pensions, college savings plans, structured financial products, and managed accounts. 

Mr. DesPrez, a native of Cleveland, majored in economics at Harvard College and graduated from law school at Georgetown University. He was also on the Board of Governors of the Investment Company Institute in Washington. 

About Incapital

Incapital LLC was founded in 1999 and today is a leading underwriter and distributor of securities to 800+ broker-dealers, institutions, asset managers, RIAs and banks. The firm represents 300+ issuing entities and has underwritten $350+ billion in securities.

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