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
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 JReilly@mfs.com
SOURCE MFS Investment Management
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