September 29, 2016
Sun Life Financial announces appointment of Chief Actuary
TORONTO, Sept. 29, 2016 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointment of Kevin Morrissey as Senior Vice-President and Chief Actuary.
As Sun Life Financial's Chief Actuary, Kevin has responsibility for the corporate oversight of actuarial practices enterprise-wide and provides leadership, direction and vision for the company's actuarial community globally.
"Kevin has deep experience across business and corporate functions, most recently creating and leading our global Asset Liability Management practice," said Claude Accum, Executive Vice-President & Chief Risk Officer, Sun Life Financial. "He has a strong track record leading teams, establishing best practices and creating value in our business that he will extend to his new role as Chief Actuary."
Kevin joined the company in 1988 and gained experience across valuation, pricing and finance roles in Canada. He was appointed Vice-President, Asset Liability Management in 2005, initially for Canada and then for North America. He was promoted to Senior Vice-President in 2013 and served as the company's first global leader of Asset Liability Management.
Kevin has been a Fellow of the Society of Actuaries and Canadian Institute of Actuaries since 1995.
Kevin succeeds Larry Madge who was Chief Actuary since 2013. Larry has been appointed Chief Executive Officer, PVI Sun Life in Vietnam. He will be responsible for the growth and development of PVI Sun Life, which was established in 2013 and is currently the sixth largest life insurance provider and an industry pioneer in pensions in the country.
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 has 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 June 30, 2016, the Sun Life Financial group of companies had total assets under management of $865 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 except as otherwise noted.
SOURCE Sun Life Financial Inc.
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