SUN Life Financial Inc. announced changes in the designations of two senior executives, retroactively effective Jan. 1, 2026, as part of a previously announced restructuring of global asset management operations made in October 2025.
In a disclosure on Friday, the company said that its board last Dec. 16, 2025 approved the redesignation of Jacques Goulet’s title as Sun Life Canada executive chairman to executive vice president and chief risk officer. Goulet holds 1,043 direct shares in the company and has no indirect ownership.
Meanwhile, Thomas Murphy was promoted president of Sun Life Asset Management from his previous role as executive vice president and chief risk officer as approved by the board on Oct. 3, 2025. Murphy holds 4,325 direct shares in Sun Life and has no indirect ownership.
Sun Life had stated in Oct. 6 last year that Murphy would remain chief risk officer until a successor is named to ensure a smooth transition.
Sun Life also announced the establishment of Sun Life Asset Management that month, saying this was intended bring together under one pillar its global asset management businesses.
These businesses include MFS Investment Management, SLC Management, the company’s stake in Aditya Birla Sun Life Asset Management in India, and its pension risk transfer business.
Sun Life said the asset management businesses generated earnings of more than CAD$1.4 billion in 2024.
Beginning Jan. 1, 2026, the company’s financial results for asset management will reflect the new structure.
Sun Life Financial Inc. is an international financial services organization providing asset management, wealth, insurance and health solutions. It operates in multiple markets worldwide, including in the Philippines, and its shares are listed on the Toronto, New York and Philippine stock exchanges.
Sun Life shares on Friday rose P30.00, or 0.83 percent, to close at P3,650.00 each.
