Sun Life Financial announces appointment of Chief Actuary
TORONTO, April 4, 2013
TORONTO, April 4, 2013 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF)
(NYSE: SLF) is pleased to announce the appointment of Larry Madge as Senior
Vice-President and Chief Actuary.
As Sun Life Financial's Chief Actuary, Larry has responsibility for the
corporate oversight of actuarial practices enterprise-wide and provides
leadership, direction and vision for our actuarial community globally. He has
extensive Sun Life leadership experience in Canada and the United States
spanning actuarial, finance and product lines.
"Larry has been instrumental in helping to manage and improve the risk profile
of Sun Life's U.S. businesses and to plan Sun Life's U.S. strategy," said
Claude Accum, Executive Vice-President & Chief Risk Officer. "This will
position him well as he broadens his area of responsibility to Sun Life's
Larry joined Clarica in 1986, which became part of Sun Life in 2002, and he
held actuarial as well as product development and business line roles in Sun
Life's Canadian business prior to his appointment as Chief Actuary for Sun
Life Financial Canada in 2005. In 2010, he became Senior Vice-President and
Chief Actuary for Sun Life Financial U.S. Larry was then appointed Senior
Vice-President and Chief Financial Officer for Sun Life Financial U.S. in
Larry is a Fellow of the Canadian Institute of Actuaries and the Society of
Keith Gubbay succeeds Larry as Senior Vice-President and Chief Financial
Officer for Sun Life Financial U.S. Keith assumes responsibility for all
financial reporting, capital, profitability management, planning and related
functions for Sun Life's U.S. business group.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization
providing a diverse range of protection and wealth accumulation products and
services to individuals and corporate customers. Chartered in 1865, Sun Life
Financial and its partners today 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
and Bermuda. As of December 31, 2012, the Sun Life Financial group of
companies had total assets under management of $533 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.
SOURCE Sun Life Financial Inc.
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