John Hancock Investments officially launched its new office in Tempe with a ribbon-cutting ceremony on Thursday.
The Tempe location is the company's third office in the U.S.. The new office is at 1230 West Washington and will serve as an extra hub for sales and service support. The location is home to 45 employees and will eventually staff 60.
"We are pleased to open this new office to help support our growth and expansion," Andrew G. Arnott, president and CEO of John Hancock Investments, said. "There are multiple positives for us in opening in Tempe, such as being better able to assist financial advisors and distribution partners in the Pacific and Mountain time zones and the capacity to accommodate a larger staff for our growing product lines, including our exchange-traded fund business. We look forward to working with our new staff to realize these benefits."
This new U.S. location will help the company to avoid interruptions in sales and service operations in the event of weather-related or other disruptions to its East Coast operations. The company also plans to recruit from the growing talent pool in the Tempe area.
As of September, John Hancock Investments had approximately $130 billion in assets under management.