Sun Life Financial announces appointment of Chief Actuary
TORONTO, April 4, 2013 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointment of Larry Madge as Senior Vice-President and Chief Actuary.
As Sun Life Financial's Chief Actuary, Larry has responsibility for the corporate oversight of actuarial practices enterprise-wide and provides leadership, direction and vision for our actuarial community globally. He has extensive Sun Life leadership experience in Canada and the United States spanning actuarial, finance and product lines.
"Larry has been instrumental in helping to manage and improve the risk profile of Sun Life's U.S. businesses and to plan Sun Life's U.S. strategy," said Claude Accum, Executive Vice-President & Chief Risk Officer. "This will position him well as he broadens his area of responsibility to Sun Life's businesses worldwide."
Larry joined Clarica in 1986, which became part of Sun Life in 2002, and he held actuarial as well as product development and business line roles in Sun Life's Canadian business prior to his appointment as Chief Actuary for Sun Life Financial Canada in 2005. In 2010, he became Senior Vice-President and Chief Actuary for Sun Life Financial U.S. Larry was then appointed Senior Vice-President and Chief Financial Officer for Sun Life Financial U.S. in 2011.
Larry is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries.
Keith Gubbay succeeds Larry as Senior Vice-President and Chief Financial Officer for Sun Life Financial U.S. Keith assumes responsibility for all financial reporting, capital, profitability management, planning and related functions for Sun Life's U.S. business group.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Bermuda. As of December 31, 2012, the Sun Life Financial group of companies had total assets under management of $533 billion. 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.
Note to Editors: All figures in Canadian dollars.
SOURCE Sun Life Financial Inc.