TORONTO, Jan. 11, 2016 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE: SLF) announced that effective today, Randolph (Randy) Brown has been appointed Chief Investment Officer, Sun Life Financial, overseeing the investment operations of Sun Life Assurance Company of Canada and its general account, which had invested assets of approximately $135 billion as at September 30, 2015.
"I am very pleased to welcome Randy to Sun Life and to the Sun Life Investment Management team," said Steve Peacher, President, Sun Life Investment Management. "He brings considerable global institutional investment expertise that will benefit our investment process. In his role, Randy will provide overall strategic direction for the investment of our general account assets and stewardship for our investment team. I expect that Randy's insights will also be invaluable as we expand our efforts in third-party asset management."
Brown has three decades of investment management experience at global financial institutions. Since 2007, he held several senior roles at Deutsche Asset and Wealth Management, most recently as Global Head of Insurance and Pension Solutions and as Head of Asset and Wealth Management for the UK region. Prior, he was Deutsche's Co-Chief Investment Officer responsible for a global investment staff of 750 and $1.2 trillion in assets, as well as the head of Deutsche Insurance Asset Management, managing money for insurance companies with over $200 billion of assets under management. His previous experience also included serving as BlackRock's Co-Head of Portfolio Management of its Financial Institutions Group, where he managed $120 billion in fixed income assets for a client base of more than 100 insurance companies and banks.
Brown will assume the Chief Investment Officer responsibilities from Peacher, who previously held dual accountabilities and will now continue to focus on his role as President, Sun Life Investment Management. Since its launch in April 2014, Sun Life Investment Management has grown significantly and now has a platform that comprises the investment operations of Sun Life Assurance Company of Canada, Sun Life Investment Management Inc., Ryan Labs Asset Management Inc., Prime Advisors, Inc. and Bentall Kennedy Group. Brown will join Sun Life's Investment and Credit Risk Committee and will be a member of the Sun Life Investment Management Executive Team. He will be based in Wellesley Hills, Massachusetts, and will report to Peacher.
Brown holds a Bachelor of Science and a Master of Engineering, both in Electrical Engineering, from Cornell University. He also earned an MBA from Cornell University's Johnson Graduate School of Management, where he was a Lester B. Knight Scholar.
About Sun Life Financial Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial and its partners have operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2015, the Sun Life Financial group of companies had total assets under management of $846 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.
About Sun Life Investment Management The Sun Life Investment Management group of institutional investment management companies comprises Bentall Kennedy Group in North America, Prime Advisors, Inc. and Ryan Labs Asset Management Inc. in the United States, and Sun Life Investment Management Inc. in Canada. These operations have combined third-party assets under management of over $55 billion, as of September 30, 2015. Sun Life Investment Management is supported by the investment division of Sun Life Assurance Company of Canada that manages approximately $135 billion in assets under management for the Sun Life Financial group of companies as of September 30, 2015.
Note to editors: All figures in Canadian dollars unless stated otherwise
SOURCE Sun Life Financial Inc.