News releases | Sun Life Hong Kong

Sun Life Announces New General Manager

Hong Kong, October 31, 2019 - Sun Life Hong Kong Limited (“Sun Life” or “the Company”) today announced that Rainbow Pan will take over as General Manager, Wealth and Pensions, from Belinda Luk, who will retire on November 6, 2019, and remain as Special Advisor at the Company.

A Sun Life veteran for over 11 years, Belinda has inspired the Company’s Mandatory Provident Fund Schemes (“MPF”) and Group Life & Health business with remarkable achievements, notably the establishment of an advanced and enduring MPF business. Under her leadership, Sun Life has become the fourth largest MPF service provider in Hong Kong, rising eight places between 2008 and 2019.1 Affirmed by a multitude of industry accolades, Sun Life’s MPF service, with award-winning fund performance and outstanding service, is an ideal choice for the Hong Kong workforce .

In addition, Sun Life’s comprehensive MPF and Group Life & Health offerings has positioned it as a trustworthy financial partner to employers in Hong Kong, who seek one-stop and effortless solutions on employee benefits, as well as professional advisory and dedicated support.

Joining Sun Life on November 4, 2019, Rainbow will succeed Belinda as General Manager, Wealth and Pensions. In addition to leading and overseeing Sun Life’s pensions business, Rainbow will also be responsible for strengthening the Company’s wealth management capabilities, and accelerate the growth of the Group Life & Health business. She brings over 20 years of international experience as a senior executive in the financial services industry in Hong Kong, mainland China and Australia. Rainbow was most recently the Chief Partnership Distribution Officer at Tahoe Life, and was previously General Manager, Bupa Global for the Greater China Region.

Belinda will assume the role of Special Advisor following her retirement, and advise the Company on key strategic initiatives in her new capacity.

Fabien Jeudy, Chief Executive Officer of Sun Life Hong Kong Limited said, "With great appreciation, I am thankful for Belinda’s instrumental contribution in laying the foundations for Sun Life’s Wealth and Pensions business, which has gained tremendous success and recognition in the industry. It is our honor to have Belinda, a respected leader in the MPF industry, to lead a distinguished team for more than a decade, offering high-quality retirement solutions for the working population in Hong Kong.

I am excited to welcome Rainbow onboard our management team. As we look to strengthen our offerings and services to satisfy our clients’ evolving needs at different stages in life, Rainbow’s extensive experience and strong leadership will prove to be crucial in our journey to better serve our clients and hit new records year after year.”

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About Sun Life

Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30, 2019, Sun Life had total assets under management of CAD$1,025 billion. For more information, please visit www.sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Sun Life Financial Inc. is the holding company of Sun Life Assurance Company of Canada. Sun Life Hong Kong Limited is a wholly-owned subsidiary of Sun Life Assurance Company of Canada.

Note to editors

1. Gadbury Report - MPF Market Shares and Estimated Net Fund Inflows in the MPF System, Hong Kong (4Q 2008) and Mercer MPF Market Shares Report (as at June 30, 2019). MPF market share was calculated after comparing the market shares of various MPF providers for the fourth quarter of 2008 and for the second quarter of 2019.