Incapital has named John DesPrez III its chief executive officer. He will lead the firm’s efforts to deliver a growing range of financial products by expanding Incapital’s presence in the dealer, advisor, and institutional communities.

DesPrez previously served as CEO and president of John Hancock Financial Services, and as chief operating officer of Manulife Financial Corp.

Chicago-based Incapital is an underwriter and distributor of securities to over 800 broker-dealers, institutions, asset managers, RIAs and banks.

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