Acquisition expands Sun Life's wealth
management business in Canada with
broader lineup of emerging market funds
TORONTO, Jan. 3, 2018 /CNW/ - Sun Life Global Investments
(Canada) Inc. announced today that
it completed the purchase of Excel Funds Management Inc. and Excel
Investment Counsel Inc. (collectively, "Excel Funds"), an
investment manager specializing in emerging markets funds, on
January 2, 2018. The acquisition was
previously announced on September 7,
2017.
"Sun Life Global Investments has achieved a significant
milestone, as we officially welcome Excel Funds to the Sun Life
family. By expanding our lineup of emerging market funds and adding
Excel's exchange-traded funds, Clients will have more choices
through which to achieve their financial goals," said Rick Headrick, President, Sun Life Global
Investments. "We're beginning the integration process, with the
goal of ensuring a seamless transition for Clients and advisors of
both Sun Life Global Investments and Excel Funds."
Bhim D. Asdhir, formerly President and Chief Executive Officer
of Excel Funds, will join the Sun Life Global Investments
leadership team in the newly created role of Head of Emerging
Markets and Business Development. "I'm thrilled to join Sun Life
Global Investments and excited to take on this new role," said Mr.
Asdhir. "I look forward to working with advisors and Clients who
see opportunities within emerging markets as we continue to build
on the great achievements we've seen with Excel Funds, but now
under the Sun Life Global Investments banner."
The acquisition of Excel Funds helps accelerate the growth of
Sun Life Global Investments and aligns with Sun Life Financial's
broader strategy to expand its wealth management business in
Canada.
About Sun Life Global Investments (Canada) Inc.
Sun Life Global
Investments is a subsidiary of Sun Life Financial Inc. It offers
Canadians a diverse lineup of mutual funds and innovative portfolio
solutions, empowering them to pursue their financial goals at every
life stage. We bring together the strength of one of Canada's most trusted names in financial
services with some of the best asset managers from around the world
to deliver a truly global investment platform. Sun Life Global
Investments manages $20 billion on
behalf of institutional and retail investors from coast to coast
and is a member of the Sun Life Financial group of companies. For
more information, visit www.sunlifeglobalinvestments.com or connect
with us on Twitter @SLGI_Canada.
About Sun Life Financial
Sun Life Financial is a
leading international financial services organization providing a
diverse range of insurance, wealth and asset management solutions
to individuals and corporate Clients. Sun Life Financial has
operations in a number of markets worldwide, including Canada, the United
States, the United Kingdom,
Ireland, Hong Kong, the
Philippines, Japan,
Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2017, Sun Life Financial had total
assets under management of $934
billion. For more information please
visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
About Excel Funds Management Inc.
Founded in 1998, Excel Funds Management Inc. is an investment fund
manager offering actively-managed core and specialty investment
solutions to retail investors, including access to the largest
suite of emerging markets investments in Canada. Excel Funds'
strategic alignment with active, on-the-ground sub-advisors who
work in collaboration with its in-house managers, enhances the
depth and breadth of its portfolio management team. Excel Funds has
access to a global network of over 700 portfolio managers and 200
research analysts, who provide firsthand knowledge of the markets
in which they invest. For more information, please
visit www.excelfunds.com.
Note to Editors: All figures in Canadian dollars.
Commissions, trailing commissions, management fees and expenses
all may be associated with mutual fund investments. Please read the
prospectus before investing. Mutual funds are not guaranteed, their
values change frequently and past performance may not be
repeated.
Media Relations Contact:
Gannon Loftus
Director, Corporate Communications
T. 416-979-6345
gannon.loftus@sunlife.com
SOURCE Sun Life Financial Inc.