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
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
SOURCE MFS Investment Management