Sun Life Appoints Benjamin Deng as President, Asia Asset Management

Sun Life Appoints Benjamin Deng as President, Asia Asset Management

Benjamin Deng will lead Sun Life's asset management capabilities across Asia, strengthening the company's investment management strategy to deliver strong performance for clients.

HONG KONG - (18 December 2024) - Sun Life today announced the appointment of Benjamin Deng as President, Asia Asset Management, effective January 1.

In this newly created role, Benjamin will lead Sun Life's asset management function to support the growth of Sun Life's insurance and asset management businesses in Asia. As President of Asia Asset Management, he will lead the company's investment management strategy and operations and drive strategic initiatives to build Sun Life's position as a leading asset manager in the region.

Benjamin will join Sun Life's Asia Executive Team and will report directly to Manjit Singh, President of Sun Life Asia and Steve Peacher, Executive Chair of SLC Management, Sun Life's institutional asset management business.

He joins Sun Life from Ping An Insurance where he was the Group Chief Investment Officer, responsible for group-wide insurance investment management with US$740 billion in AUM. Prior to that, he held roles as Group Chief Investment Officer at China Pacific Insurance (Group) Co., Ltd and Group Head of Investment Solutions and Derivatives at AIA.

Manjit Singh, President, Sun Life Asia, commented: "We are delighted to welcome Benjamin to Sun Life. His appointment highlights our long-term commitment to delivering high-performing investment strategies for our Clients in Asia. With Benjamin's deep industry expertise and proven leadership, I am confident that he will drive significant growth in our asset management business in the years ahead."

Steve Peacher, Executive Chair of SLC Management, commented: "Benjamin's extensive experience and knowledge of managing large investment portfolios in Asia will be invaluable as we seek to grow our asset management capabilities and solutions in Asia."

Benjamin Deng commented: "I am very excited to join Sun Life. Sun Life is a great company with a remarkable history. It is deeply rooted in Asia and has tremendous growth potential. I am honored to be named President, Asia Asset Management. In this capacity I will do my utmost to work closely with my colleagues to grow our presence in Asian markets and provide the best service to our clients."

Sun Life is a top 25 asset manager globally with $1.51 trillion in assets under management and a top 11 life insurer globally by market capitalization.

-ENDS-

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life 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 September 30, 2024, Sun Life had total assets under management of $1.51 trillion. 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

Media Relations Contact:

Becky Marshall

Director, Communications

T. +852 61710132

Becky.marshall@sunlife.com

Iris Ng

Account Director, Sandpiper

T. +852 9838 3501

iris.ng@sandpipercomms.com

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Sun Life Financial Inc. published this content on December 17, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 17, 2024 at 18:56:42.960.