Today, we announced the company is taking a bold leap forward by extending and formalizing our asset management pillar. It is an exciting milestone for us on our ambition to be the best asset management and insurance company in the world.
Earlier today, our President and CEO, Kevin Strain, announced the appointment of Tom Murphy as President, Sun Life Asset Management, as we continue to accelerate growth across our global asset management businesses. In addition to MFS, a global provider of equity and fixed income solutions, and SLC Management, a global leader in alternative assets and fixed income, Sun Life Asset Management will include:
· Defined Benefit Solutions, the largest pension risk transfer provider in Canada,
· The Office of the CIO, including the Asia General Account team,
· Asia Asset Management,
· Our interest in Aditya Birla Sun Life Asset Management, one of the largest asset management businesses in India.
Tom’s appointment and the extension of our asset management pillar are effective January 1, 2026.
Sun Life’s history as an asset manager runs deep. We’ve built a diverse and scaled asset management business over the last four decades. Today, Sun Life manages CAD $1.54 trillion in assets, placing us among the top 25 global asset managers by AUM.
Now is the right time to accelerate on our ambition to be the best asset management and insurance company in the world by extending and formalizing our asset management pillar to accelerate distribution through our proprietary insurance and wealth channels, develop new strategic partnerships, leverage our global balance sheet, and seek new sources of permanent capital.
This is an exciting moment as we unlock new potential and deliver greater value for our Clients. To read about our announcement and what it means for our Clients and our business, visit our newsroom: https://lnkd.in/gv4uk2yP
