MFS Strengthens Governance and Compliance with Appointments of New General Counsel and Chief Regulatory Officer

Continues Focus on Performance by Hiring Top Government Securities Manager

Mar 08, 2004, 00:00 ET from MFS Investment Management

    BOSTON, March 8 /PRNewswire/ -- MFS Investment Management, a subsidiary of
 Sun Life Financial Inc. (NYSE, TSX: SLF), today announced that two senior
 executives are joining the firm in an effort to develop and implement policies
 and procedures that set new standards in fund governance, regulatory
 compliance and shareholder protection.
     Jeffrey N. Carp is joining MFS as General Counsel and Senior Vice
 President, with responsibility for all of MFS' legal affairs.  He previously
 was a Senior Partner with the law firm of Hale and Dorr LLP, with more than 22
 years of experience in mutual fund, securities, and corporate law.
     Maria D. Dwyer is joining MFS in the new position of Chief Regulatory
 Officer in charge of compliance, internal audit and fund treasury.  A 20-year
 industry veteran with prior experience at MFS, Dwyer most recently was a
 senior executive with Fidelity Investments.
     Both Carp and Dwyer will serve on the firm's Management Committee, its
 highest executive body.
     "As MFS enhances policies and procedures in fund governance and
 shareholder protection, we will rely on seasoned professionals such as Jeffrey
 Carp and Maria Dwyer to help us set the standard for the industry," said
 Robert C. Pozen, MFS Non-Executive Chairman.  "They will help us address
 investor concerns while continuing to put shareholders and clients first."
     MFS also announced the hiring of veteran asset manager William P. Douglas
 as its lead mortgage securities portfolio manager.  Douglas bolsters the
 firm's roster of experienced and proven fixed income investment professionals.
     Jeffrey Carp has advised Hale and Dorr's corporate and financial services
 clients on a wide range of legal matters.  He has extensive mutual fund
 experience with corporate governance, public disclosure and transparency as
 well as securities industry regulation and compliance.  Currently chair of
 Hale and Dorr's Corporate Opinions Committee, he also previously has served as
 an elected member of the firm's Executive Committee.  Mr. Carp holds degrees
 from Tufts University (BS, magna cum laude, 1978) and the George Washington
 University National Law Center (JD, with honors, 1981).
     Maria Dwyer joins MFS from Fidelity Management and Research Company, where
 she served in several positions between 1996 and 2004.  Most recently, she was
 President and Treasurer of the Fidelity Group of Funds, with responsibility
 for oversight of all service providers to the funds.  Prior to joining
 Fidelity Investments, Dwyer worked for MFS in several capacities between 1990
 and 1996, including Senior Vice President and Director of Compliance.  Ms.
 Dwyer holds degrees from the College of the Holy Cross (BA in English),
 Suffolk University School of Law (JD) and Boston University School of Law (LLM
 in Taxation).
     Douglas joins MFS from Wellington Management Company, where he most
 recently served as vice president and senior mortgage analyst.  He helped to
 manage the mortgage portions of portfolios across the firm's entire spectrum
 of fixed income products.  Prior to Wellington, he worked from 1988 to 1992 as
 a risk analyst for Arthur D. Little.  Douglas is an alumnus of Brown
 University and the Sloan School of Management at MIT.
     About MFS Investment Management
     MFS is a premier global money management firm with investment offices in
 Boston, London, Mexico City, Tokyo and Singapore.  The firm's history dates
 back to March 21, 1924, and the establishment of the first "open-end" mutual
 fund.  Today, MFS manages $140 billion in assets on behalf of 6 million
 investors worldwide (as of December 31, 2003).  MFS is a majority-owned
 subsidiary of Sun Life Financial Inc. (NYSE, TSX: SLF).
     About Sun Life Financial Inc.
     Sun Life Financial Inc. is a leading international financial services
 organization providing a diverse range of wealth accumulation and protection
 products and services to individuals and corporate customers.  Tracing its
 roots back to 1865, Sun Life Financial and its partners today have operations
 in key markets worldwide including Canada, the United States, the United
 Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and
 Bermuda.  As of December 31, 2003, the Sun Life Financial group of companies
 had total assets under management of C$359 billion.  Sun Life Financial Inc.
 trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock
 exchanges under ticker symbol SLF.
     Contact:   John F. Reilly
                MFS Investment Management
                (617) 954-5305

SOURCE MFS Investment Management