TORONTO, Jan. 11, 2016 /PRNewswire/ - Sun Life Financial
Inc. (TSX:SLF) (NYSE:SLF) announced that effective today,
Randolph (Randy) Brown has been
appointed Chief Investment Officer, Sun Life Financial, overseeing
the investment operations of Sun Life Assurance Company of
Canada and its general account,
which had invested assets of approximately $135 billion as at September 30, 2015.
"I am very pleased to welcome Randy to Sun Life and to the Sun
Life Investment Management team," said Steve Peacher, President, Sun Life Investment
Management. "He brings considerable global institutional investment
expertise that will benefit our investment process. In his role,
Randy will provide overall strategic direction for the investment
of our general account assets and stewardship for our investment
team. I expect that Randy's insights will also be invaluable as we
expand our efforts in third-party asset management."
Brown has three decades of investment management experience at
global financial institutions. Since 2007, he held several senior
roles at Deutsche Asset and Wealth Management, most recently as
Global Head of Insurance and Pension Solutions and as Head of Asset
and Wealth Management for the UK region. Prior, he was Deutsche's
Co-Chief Investment Officer responsible for a global investment
staff of 750 and $1.2 trillion in
assets, as well as the head of Deutsche Insurance Asset Management,
managing money for insurance companies with over $200 billion of assets under management. His
previous experience also included serving as BlackRock's Co-Head of
Portfolio Management of its Financial Institutions Group, where he
managed $120 billion in fixed income
assets for a client base of more than 100 insurance companies and
banks.
Brown will assume the Chief Investment Officer responsibilities
from Peacher, who previously held dual accountabilities and will
now continue to focus on his role as President, Sun Life Investment
Management. Since its launch in April
2014, Sun Life Investment Management has grown significantly
and now has a platform that comprises the investment operations of
Sun Life Assurance Company of Canada, Sun Life Investment Management Inc.,
Ryan Labs Asset Management Inc., Prime Advisors, Inc. and Bentall
Kennedy Group. Brown will join Sun Life's Investment and Credit
Risk Committee and will be a member of the Sun Life Investment
Management Executive Team. He will be based in Wellesley Hills, Massachusetts, and will
report to Peacher.
Brown holds a Bachelor of Science and a Master of Engineering,
both in Electrical Engineering, from Cornell
University. He also earned an MBA from Cornell University's Johnson Graduate School of
Management, where he was a Lester B. Knight Scholar.
About Sun Life Financial
Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth
products and services to individuals and corporate customers. Sun
Life Financial and its partners have 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, 2015, the Sun Life Financial group
of companies had total assets under management of $846 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 Sun Life Investment Management
The Sun Life Investment Management group of institutional
investment management companies comprises Bentall Kennedy Group in
North America, Prime Advisors,
Inc. and Ryan Labs Asset Management Inc. in the United States, and Sun Life Investment
Management Inc. in Canada. These
operations have combined third-party assets under management of
over $55 billion, as of September 30, 2015. Sun Life Investment
Management is supported by the investment division of Sun Life
Assurance Company of Canada that
manages approximately $135 billion in
assets under management for the Sun Life Financial group of
companies as of September 30,
2015.
Note to editors: All figures in Canadian dollars unless
stated otherwise
SOURCE Sun Life Financial Inc.