John Hancock Fills Long-Vacant Chief Investment Officer Slot
John Hancock Funds has hired William L. Braman as executive vice president and chief investment officer.Mr. Braman, who starts at Hancock in late May, will manage $30 billion of assets in mutual funds, private accounts, and retirement plans. He will report to Maureen R. Ford, vice chairman and chief executive officer of the Boston-based asset manager.
He succeeds Anne C. Hodsdon, president and chief operating officer of John Hancock's investment arm, who has served as chief investment officer on an interim basis since late 1998.
Mr. Braman, 46, was previously chief investment officer of London-based Baring Asset Management, the global money management subsidiary of ING Group, Amsterdam.
John Hancock Funds is a subsidiary of Boston-based John Hancock Financial Services Inc., which had $127 billion of assets under management on Dec. 31.
- Amy L. Anderson
Provident Mutual Life Promotes Two Execs to Newly Created Jobs
Berwyn, Pa.-based Provident Mutual Life Insurance Co. on Thursday named two executives to newly created positions in its $9.2 billion asset management division.Sarah Coxe Lange was appointed senior vice president and chief investment officer, and Daniel D. Danese was named senior vice president in charge of distribution.
Ms. Lange will be president of Providentmutual Investment Management Co., the investment adviser for several of the Market Street Fund portfolios. She will continue to oversee the investment management of each of the company's major product lines. Ms. Lange has been with the company since 1983 and most recently was a vice president and head of portfolio management.
Mr. Danese will have responsibility for all distribution channels and will help set policy and direction for the sales and marketing organization. He joined Provident Mutual in 1999 as a regional vice president.