John Hancock has new president

JAKARTA (JP): Shareholders of PT Asuransi Jiwa Bumiputera John Hancock has named Roderick F. Haire as the insurance company's president, replacing David W. Cottrell

A British national, Haire has over 20 years of insurance and banking experience in the United Kingdom, Asia and the Middle East, the insurance company said in a statement.

Cottrell, also a British national, who helped Bumiputera John Hancock achieve record growth in sales and manpower over the past five years, has been asked to lead Interlife John Hancock Assurance Plc. of Thailand as its chief executive officer beginning Feb. 5.

Haire recently served as managing director of his own insurance and banking consultancy. Prior to that, he was the sales director and acting marketing director of Royal and Sun Alliance Life and Unit Trusts in the UK from 1997 to 1999.