Allan Hackney, former CIO of AIG Consumer Finance Group (New York), has been named CIO of John Hancock Financial, the Boston-based subsidiary of Manulife Financial (Toronto; $24.6 billion in revenue). In his new role, Hackney will be responsible for all IT operations, including those of the company's U.S. Wealth and U.S. Insurance divisions.
"I am delighted to have this opportunity to contribute to John Hancock's continued growth and success, and look forward to working with each of the company's businesses as they seek to sustain their industry leadership positions," Hackney says.
Hackney's strategic mandate includes development and execution of strategies that increase productivity and efficiency, improve operating risk management, and build greater technical bench strength across the John Hancock enterprise. He will also be expected to increase the value derived from the company's investment in staff, technology and service providers.
At AIG, Hackney championed the Consumer Finance Group's effort to reposition autonomous banking and lending operations into a more global platform to enable significant expansion, according to a John Hancock source. Prior to AIG, Hackney was SVP of IT for Bank of America's Commercial Finance division, which built on a 17-year career at GE Capital, where Hackney led more than 50 global IT due diligence and M&A integration transactions and headed GE Capital's initiative to launch the Six Sigma methodology across the company's IT function.