John Hancock Financial has named Mike Treske as head of annuity distribution for John Hancock and president of John Hancock Wood Logan. He will be responsible for retail distribution supporting the fixed and variable annuities business units, including sales and sales strategies.

Mr Treske has served as head of the variable annuity financial planners channel. He joined Manulife’s Wood Logan annuity business as southeast division sales manager and was named national sales manager for the financial planners channel. Prior to joining Manulife, he held positions at Fidelity and Evergreen Funds.

Mr Treske succeeds Robert Cassato, who will assume a new role as a senior advisor to Manulife chief operating officer John DesPrez III on global distribution strategy. Mr Cassato will also become chairman of John Hancock Annuity Distribution, succeeding Doug Wood, who becomes chairman Emeritus. He will continue to lead the US National Accounts group.

Marc Costantini, executive vice president and general manager of variable annuities at John Hancock Financial, said: Mike Treske has a long record of leadership success with Manulife and John Hancock. I am delighted that he is stepping into another important role with our company.”

John Hancock Financial is a unit of Canadian-based financial services group Manulife Financial. The company offers financial products and services, including life insurance, fixed and variable annuities, fixed products, mutual funds, 401(k) plans, long-term care insurance, college savings, and other forms of business insurance.