TORONTO, May 28, 2014 /CNW/ - Sun Life is pleased to announce the appointment of Carl Bang as president of Sun Life Investment Management Inc. Bang is the executive leader responsible for investment strategy, product, business development, client relationships and operations for Sun Life's new third-party asset management business in Canada.
"Carl is a seasoned leader who brings deep investment knowledge and business-building expertise to our team," said Steve Peacher, President, Sun Life Investment Management and Chief Investment Officer, Sun Life Financial.
Bang has an extensive background in building investment strategies and operations; most recently as Chief Investment Officer of the Qatar Foundation Endowment (QFE), one of the largest endowment funds in the world. Prior to his role at QFE, Bang was Chairman and Chief Executive Officer of State Street Global Advisors (SSGA) based in Paris, France. Bang has also held the role of President, Senior Managing Director and Chief Investment Officer for SSGA Canada.
The firm, formally announced on February 6, 2014 and launched April 1, 2014, currently offers three pooled funds focusing on private fixed income, commercial mortgages and real estate assets. The firm also provides asset management and investment advisory services to managed accounts.
"Carl will play a strategic leadership role as we grow our new business. His industry insight and strong experience will help drive our Canadian operations, offering our diverse investment solutions to institutional investors in the country," said Peacher.
Carl holds an M.B.A. from the Schulich School of Business and is a CFA Charterholder.
About Sun Life Investment Management
Sun Life Investment Management is the brand name for an institutional investment management arm of Sun Life Financial that includes Sun Life Investment Management Inc. as well as the investment operations of Sun Life Assurance Company of Canada (which manages approximately $100 billion in assets for its affiliated insurance companies).
Sun Life Investment Management Inc. provides investment solutions for defined benefit pension plans and other institutional investors in Canada, specializing in private asset class funds and liability driven investment strategies. It is registered with the Canadian securities commissions and regulatory authorities as a Portfolio Manager, Investment Fund Manager, and Exempt Market Dealer.
Further information about Sun Life Investment Management Inc. and its offerings is available at www.sunlifeinvestmentmanagement.com.
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 key 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 March 31, 2014 the Sun Life Financial group of companies had total assets under management of $671 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.
Image with caption: "Carl S. Bang - President, Sun Life Investment Management Inc. (CNW Group/Sun Life Financial Inc.)". Image available at: http://photos.newswire.ca/images/download/20140528_C7132_PHOTO_EN_40798.jpg
SOURCE: Sun Life Financial Inc.
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