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January 28, 2013
16:49 EDTSLFSun Life Financial receives licence for life insurance operations
PVI Sun Life Insurance Company Limited, the joint-venture life insurance company formed by PVI Holdings and Sun Life Assurance Company of Canada, a wholly-owned subsidiary of Sun Life Financial, has received regulatory approval from the authorities in both Vietnam and Canada. The Ministry of Finance of Vietnam issued the Licence # 68 GP/KDBH for Life Insurance Operations on January 24, 2013. PVI Sun Life will have a charter capital of VND 1,000B, approximately C$48M. PVI owns 51% of the company, and Sun Life the remaining 49%. PVI Sun Life is focused on delivering the best products and services to its customers to allow them to achieve a brighter financial future. PVI Sun Life completes PVI's insurance business network, and delivers on PVI's long term strategy. The joint venture further demonstrates Sun Life's deep commitment to growing its business in Asia.
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January 28, 2015
09:31 EDTSLFSun Life Financial acquires Ryan Labs Asset Management
Sun Life Investment Management and Ryan Labs Asset Management announced an agreement whereby Sun Life Financial will purchase Ryan Labs of New York City from the firm's current owners. The transaction is expected to close in the first quarter of 2015, subject to regulatory approval and customary closing conditions, and is not material to the results of Sun Life Financial. Ryan Labs has approximately $5.1B in assets under management for clients across the United States. Following completion of the transaction, the firm will operate as a unit of Sun Life Investment Management, which offers investment solutions to liability-based institutional investors. Sun Life Investment Management launched its third-party business in Canada in 2014, and the addition of Ryan Labs will extend its footprint in the U.S. Ryan Labs will retain its brand name and will maintain the location of its headquarters at 500 Fifth Avenue in New York City. Its operations will continue to be managed by its current team, headed by President, Sean McShea. McShea will report to Steve Peacher, President, Sun Life Investment Management and Chief Investment Officer, Sun Life Financial.

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