Kristie Feinberg, who had been serving as the chief financial officer and global head of strategy at Manulife Investment Management, has been appointed head of the U.S. and Europe at the firm, and also president and chief executive officer at John Hancock Investment Management, which is Manulife’s affiliated investment manager.

The move allows Andrew Arnott, who had been serving in that position, to move full time into the new role of global head of retail at Manulife. Feinberg’s appointment became official on May 1, according to a statement released by the firm.

“I’m proud to lead the U.S. and Europe businesses through the next stage of growth for our firm,” Feinberg said in a statement. “The choices available to our investors made possible through our unique multimanager model, our private markets and alternative investments capabilities, and our retirement solutions for sponsors and participants bring a full spectrum of opportunity to create and build portfolios.”

In her new position, Feinberg will lead the wealth and asset management businesses in the U.S. and Europe. She will also be responsible for strategy and growth across the institutional, retail and retirement markets in the region, said a firm spokeswoman.

Feinberg will oversee the business development, regulatory and business risk management, client relationship management, and local operational efforts in these regions. She will also serve as a member of Manulife Investment Management’s leadership team. She reports to Paul Lorentz and will be based in Boston, according to the firm.

Before joining Manulife in 2021, Feinberg served as both CFO and global head of treasury at Invesco. She also worked at Oppenheimer Funds, where she was corporate treasurer and business controller. 

Arnott, who was appointed as the global head of retail effective June 2022, had been serving in that role as well as the position that Feinberg is moving into. In his new role he will be responsible for various facets of Manulife’s global retail business, including the strategy, growth and its overall success. 

Arnott served as head of U.S. and Europe for Manulife Investment Management in 2018 and had been president and CEO of John Hancock Investment Management since 2012. During his tenure in those positions, Arnott oversaw an increase of more than 300% in the U.S. retail business’s assets under management, the firm said.