TORONTO, Nov. 14,
2022 /CNW/ - Sun Life is pleased to announce the
appointment of Tom Murphy as
Executive Vice-President and Chief Risk Officer, effective
December 1, 2022. Tom is currently
President of Fixed Income and Head of Institutional Business for
SLC Management, Sun Life's alternatives asset manager.
In his new role, Tom will lead all aspects of risk management
across Sun Life globally, including Financial, Insurance, Credit,
Operational and Enterprise Risk. He will also have oversight
responsibility for our global Actuarial and Asset Liability
Management (ALM) functions.
Tom brings more than 25 years of global asset management
experience to Sun Life. He joined SLC Management in 2018 as Head of
Affiliate Development and Business Strategy. Prior to that, he was
a Senior Partner with Mercer for 20 years where he built and led
the company's investment management businesses in Europe and also led Mercer's North American
Investments and Actuarial businesses.
"We're excited to have Tom join Sun Life's Executive Team as our
Chief Risk Officer. Tom's global depth of knowledge and experience,
particularly in asset management and the pension space, will be a
tremendous asset to his new role," said Kevin Strain, President and CEO of Sun Life.
"Sun Life's approach to prudent risk management has always been a
pillar of our success and having Tom leading and taking a fresh
look at these efforts will serve our company well."
A native of Dublin, Ireland,
Tom holds a Bachelor's degree in Economics and Statistics from
University College Dublin and has a Master of Business
Administration from UCD Michael Smurfit Graduate School of Business
in Dublin. He is a Fellow of the
Society of Actuaries in Ireland.
Tom is also a member of the Massachusetts Board and Chair of the
Development Committee for Bottom Line, a non-profit organization
dedicated to supporting low income and first-generation students
enroll into and get through college. Tom will work from Sun Life's
offices in Wellesley,
Massachusetts and Toronto,
Canada.
Tom succeeds Colm Freyne,
Executive Vice-President and Chief Risk Officer, who will retire
from Sun Life on May 1, 2023, after
serving 20 years with the company. Colm will transition to the role
of special advisor to the CEO on December 1,
2022. He will also support Tom in his onboarding to the
Chief Risk Officer role and provide strategic advisory support to
the Executive Team until his retirement.
Colm joined Sun Life in 2003 and has held various progressive,
executive roles with the company. From 2009 to 2017, he served as
Sun Life's Chief Financial Officer and then moved into his current
role as Chief Risk Officer in 2017 where he currently leads Risk
Management, Actuarial and ALM.
"On behalf of Sun Life, I want to thank Colm for his years of
service and loyalty and wish him well in his retirement," said
Strain. "Colm has played a significant role in Sun Life's
successful growth and trajectory over the past two decades. He also
helped lead the organization through a period of turbulence during
the 2008 Global Financial Crisis, from which Sun Life emerged in a
position of strength. Personally, I have greatly benefited from
Colm's advice and counsel at the Executive Team leadership table,
and I am pleased he will remain with Sun Life in an advisory
capacity where we will continue to benefit from his expertise."
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
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, 2022, Sun Life had total assets
under management of $1.27 trillion.
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.
Media Relations Contact:
Rajani Kamath
Assistant Vice-President,
Corporate Communications
Tel: 647-515-7514
rajani.kamath@sunlife.com
Investor Relations Contact:
Yaniv Bitton
Vice-President
Head of Investor Relations and Capital Markets
Tel: 416-979-6496
yaniv.bitton@sunlife.com
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SOURCE Sun Life Financial Inc.