NU Online News Service, Sept. 22, 2004, 3:25 p.m. EDT
Manulife Financial Corp., Toronto, is promoting Robert Cassato and giving him responsibility for more distribution operations.[@@]
The company has named Cassato executive vice president and put him in charge of Essex Corp., a unit that distributes fixed annuities through banks. Essex has been reporting to John DesPrez III, president of Manulife’s newly acquired Boston-based John Hancock Financial Services Inc. unit.
Cassato has been a senior vice president and president of the company’s Manulife Wood Logan unit. He will continue to manage Manulife Wood Logan, Manulife says. Manulife Wood Logan sells variable annuities and college savings plans through wirehouses, regional brokerage firms and financial planners.