MCLEAN BUDDEN APPOINTS NEW VICE PRESIDENT AS FIRM STRENGTHENS FOCUS ON RISK MANAGEMENT

Appointment of Jean-Philippe Giguère complements de-risking service for sponsors striving to balance risk and reward

TORONTO, July 5, 2011 /PRNewswire/ - McLean Budden, one of Canada's oldest and most respected investment firms with more than $35 billion under management, has announced the appointment of Jean-Philippe Giguère as Vice President. In his new role, Giguère will support McLean Budden's ongoing efforts to help institutional clients implement strategies to manage risk and maintain the financial integrity of their pension plans.

Giguère brings an actuarial background to his role at McLean Budden, having focused on liability driven investing (LDI), asset management and risk budgeting prior to joining the firm. His experience also includes equity and manager research.

"The inherent volatility of global capital markets has made strategies for managing risk a top priority for pension plan sponsors," said Roger Beauchemin, President and CEO, McLean Budden. "Jean-Philippe's actuarial and industry intelligence background give him the ideal mix of analytics and investment know-how to help our clients balance risk and reward."

McLean Budden's Dynamic De-risking strategy provides for predetermined triggers that adjust the asset mix as the funded status of the plan changes, thereby removing the guesswork around finding the right time to de-risk or at other times, re-risk.

"Much of my work experience included working with Canadian investment management firms, so I was very familiar with McLean Budden when I joined," said Giguère. "McLean Budden is one of the few Canadian firms that has managed to develop a credible offering across asset classes and strategies therefore allowing us to offer investment solutions that can be customized to each client's needs. It is a pleasure to work with such a large and knowledgeable team of investment professionals."

Giguère will be part of McLean Budden's client servicing group and will work closely with the firm's clients to keep them apprised of how their portfolios are positioned to benefit from changes in the marketplace.

About McLean Budden

Founded in 1947, McLean Budden is one of Canada's oldest and most respected investment firms with offices in Toronto, Montréal, Vancouver, Chicago and United Kingdom. The firm actively manages over $35 billion in pension, foundation, mutual fund assets and private wealth on behalf of institutional and private clients across North America, Europe and Asia. The firm's investment philosophy is based on long-term, balanced strategies. Now in its fourth generation of management, McLean Budden's experience and success in succession planning provides the assurance of consistent investment style, service and performance. McLean Budden has 114 employees, including 46 portfolio managers and research analysts. Investment professionals at McLean Budden have an ability to own up to 40 per cent of the firm and retain day-to-day control of operations. Sun Life Financial, a leading international financial services organization with total assets under management of $469 billion and operations in key markets worldwide, holds a majority interest. Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. For more information please visit www.mcleanbudden.com.

SOURCE McLean Budden