John D. DesPrez III, a prominent executive in the wealth management and insurance industries, was appointed Incapital’s Chief Executive Officer in January 2015. Mr. DesPrez previously served as CEO of John Hancock Financial Services and as Chief Operating Officer of Manulife Financial Corp., one of the largest diversified insurance groups in the world. He is a Board Director for Halstatt, LLC.
Mr. DesPrez oversaw the U.S. operations of Manulife for 10 years, during which time the company purchased John Hancock. As CEO and President of John Hancock Financial Services, Mr. DesPrez oversaw a broad-based financial services operation with multiple business lines, including annuities, mutual funds, group pensions, college savings plans, structured financial products, managed accounts, and life and long-term care insurance. In addition to Manulife’s U.S. operations, Mr. DesPrez was later also given responsibility for Canada and Asia, and then became COO with oversight of all the firm’s operating businesses around the globe.
Subsequent to leaving Manulife, Mr. DesPrez served as an advisor to a prominent family office in Florida, a large Canadian pension fund, and to several private equity firms. A native of Cleveland, Mr. DesPrez majored in economics at Harvard College and graduated from law school at Georgetown University. He previously served on the Board of Governors of the Investment Company Institute and the Board of Directors of the American Council of Life Insurance, both in Washington, D.C. Mr. DesPrez continues to serve on the Board of the Institute of Contemporary Art in Boston.