Sun Life president Boscia to oversee Asia, U.K. operations

NOV 19, 2009
Sun Life Financial Inc. president Jon A. Boscia will head up the carrier's Asia and United Kingdom units beginning Jan. 1. Currently, Mr. Boscia has oversight of Sun Life Financial's U.S. and Bermuda units, reporting to Sun Life's chief executive Donald A. Stewart. Activity at the company has been heating up in recent weeks as Sun Life has been trying to raise its presence in the U.S. and globally. In the last month, the company kicked off a branding campaign in the U.S. Meanwhile, Mr. Boscia recently told InvestmentNews that Sun Life would like to acquire an insurance company in the U.S. to give the financial services firm a stronger foothold here. Stephan Raiotte, president of Sun Life Financial Asia, and Janet Fuller, chief executive of the company's U.K. business, will both report to Mr. Boscia. The carrier has also expanded the roles of a slate of executives, giving them additional responsibilities. Westley V. Thompson, president of Sun Life Financial U.S., will take all responsibility for the insurer's U.S. operations, excluding the fund group MFS Investment Management. Currently, his role covers the Sun Life U.S.'s three insurance business lines. Dean A. Connor, president of Sun Life Financial Canada, will become chief operating officer of Sun Life Financial on Jan. 1. He will also retain oversight of Sun Life's Canadian and reinsurance businesses. Finally, Kevin P. Dougherty will be appointed president of Sun Life Financial Canada, assuming operating responsibilities for that business unit and the reinsurance division. He will also hold on to his current role as president of Sun Life Global Investments, with responsibility for Sun Life's International Investment Centre and McLean Budden Ltd., a Canadian provider of mutual funds. Mr. Dougherty will report to Mr. Connor.

Latest News

Maryland bars advisor over charging excessive fees to clients
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.

Wave of SEC appointments signals regulatory shift with implications for financial advisors
Wave of SEC appointments signals regulatory shift with implications for financial advisors

Reshuffle provides strong indication of where the regulator's priorities now lie.

US insurers want to take a larger slice of the retirement market through the RIA channel
US insurers want to take a larger slice of the retirement market through the RIA channel

Goldman Sachs Asset Management report reveals sharpened focus on annuities.

Why DA Davidson's wealth vice chairman still follows his dad's investment advice
Why DA Davidson's wealth vice chairman still follows his dad's investment advice

Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.

401(k) participants seek advice, but few turn to financial advisors
401(k) participants seek advice, but few turn to financial advisors

Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today’s choppy market waters, says Myles Lambert, Brighthouse Financial.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave