Sun Life announces the appointment of Tom Murphy as President, Sun Life Asset Management

Core Viewpoint - Sun Life is consolidating its asset management businesses under a single structure, Sun Life Asset Management, to enhance growth and synergies between its asset management and insurance operations [2][4]. Group 1: Company Structure and Leadership - Tom Murphy has been appointed as President of Sun Life Asset Management, effective immediately, to lead the integration and growth of the asset management businesses [1][6]. - The new structure will include MFS, SLC Management, Sun Life's stake in Aditya Birla Sun Life Asset Management, and its pension risk transfer business, collectively generating over CAD $1.4 billion in earnings for Sun Life in 2024 [3][4]. Group 2: Financial Performance and Assets - Sun Life manages CAD $1.54 trillion in assets, making it one of the largest asset managers and insurance companies globally [4][7]. - SLC Management, part of the new asset management structure, has CAD $408 billion (approximately US$300 billion) in assets under management as of June 30, 2025 [13]. Group 3: Strategic Goals and Capabilities - The consolidation aims to unlock new growth opportunities by enhancing collaboration between asset management, insurance, and wealth businesses [4][6]. - Sun Life Asset Management will maintain the existing brand names and governance structures of its asset management companies, ensuring continuity in leadership and investment philosophy [5]. Group 4: Market Presence - Sun Life operates in multiple markets worldwide, including Canada, the U.S., the U.K., and India, among others, providing a range of financial services [7]. - Aditya Birla Sun Life Asset Management, included in the new structure, is one of the largest asset managers in India, with an overall AUM of Rs. 4,433 billion as of June 30, 2025 [15].