Date: 5/1/2015
Source: Incapital
Author: Incapital

Incapital Hires Hugh McHaffie to Lead Wealth Management Solutions Division

Incapital LLC has named Hugh McHaffie as Managing Director of Incapital's Wealth Management Solutions division. Mr. McHaffie is a veteran of the wealth management industry, most recently serving as President of John Hancock Wealth Management. Mr. McHaffie will lead Incapital’s development and distribution of Unit Investment Trusts, Structured Products and Annuities through its expanding presence in the financial advisor, banking and broker-dealer communities.

“Hugh's senior management experience in product creation and wholesale distribution is an excellent fit for Incapital’s expansion and diversification plans,” said Incapital's CEO John DesPrez. “Hugh will be instrumental in rapidly growing Incapital’s Wealth Management Solutions business.”

Mr. McHaffie led John Hancock Wealth Management for seven years, a division which offers mutual funds, retirement savings products and annuities. In addition, he oversaw John Hancock’s Investment Management Services and served as President of the John Hancock Trust and John Hancock Funds II mutual fund complexes. Previously he was Senior Vice President, Individual Business Product Management for MetLife and served as Chairman of the Metropolitan Series Fund. Mr. McHaffie graduated from the University of Toronto with a B.A. in Economics and is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.

“I’m very enthused to lead Incapital’s efforts to rapidly grow its unit investment trust and structured products businesses through its financial advisor partnerships,” said Mr. McHaffie. “This is an area that I’ve worked in for over 25 years and I look forward to bringing that experience to Incapital.“

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 over 300 issuing entities and has underwritten $350+ billion in securities.

©2015 Incapital. All rights reserved. Securities offered through, and unit investment trusts sponsored by Incapital LLC, Member FINRA/SIPC. Annuities and insurance products offered through Incapital Insurance Services LLC, Member FINRA/SIPC. 200 South Wacker Drive, Chicago, IL 60606. Ph: 312-379-3700