Sun Life Appoints Tom Murphy as President of Asset Management Division

Sun Life Financial Inc. has announced the appointment of Tom Murphy as President of Sun Life Asset Management. This move consolidates all of Sun Life's asset management businesses under a single pillar, with the aim of driving synergies and fostering growth. Sun Life's asset management arm, including MFS, SLC Management, and its stake in Aditya Birla Sun Life Asset Management, collectively generated over CAD $1.4 billion in 2024.

With CAD $1.54 trillion in assets under management, the organization emphasizes collaboration between asset management and insurance businesses to unlock new opportunities. Effective January 1, 2026, financial results will reflect this new structure. Existing brand names and leadership remain unchanged.

Murphy, with over 25 years of experience, has held various roles, including Chief Risk Officer at Sun Life. His leadership is expected to deepen the capabilities of Sun Life's global asset management operations.