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Stock impact report

Sun Life stops shopping and starts building its US$1.5 trillion asset machine [Wealth Professional (Canada)]

Sun Life Financial Inc. (SLF) 
Last sun life financial inc. earnings: 2/12 05:01 pm Check Earnings Report
Sun Life Financial is assembling a coordinated global asset-management powerhouse by recruiting roughly 20 senior executives to forge new partnerships with wealth managers, insurers and institutional investors, according to Bloomberg The move signals a strategic shift away from acquisition-driven expansion toward internal execution and collaboration across its sprawling US$1.5tn asset base. Tom Murphy, appointed president of Sun Life Asset Management on January 1, will lead the push to connect the company's investment managers and help them originate capital and design products together. “We're trying to help them connect dots and to collaborate better,” Murphy said. The consolidation addresses a critical gap for wealth professionals: accessing diversified alternatives and permanent capital sources. As per Bloomberg reporting, Murphy's team will target partnerships with sovereign funds and global wealth managers while pursuing insurance sidecar structures—vehicles where ins Show less Read more
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