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Banking & Finance

Sun Life announces Asia leadership transition

Released at: 08:34, 07/09/2019

Sun Life announces Asia leadership transition

Photo: Sun Life

Léo Grépin to succeed Claude Accum as President, Asia.

by Hong Nhung

Mr. Dean Connor, President and CEO of Sun Life Financial Inc. (NYSE: SLF), announced on September 6 that Mr. Léo Grépin will become the new President of Sun Life Asia following the retirement of Mr. Claude Accum on December 31, 2019.

The President of Sun Life Asia is responsible for Sun Life’s fastest growing business pillar encompassing life, health and wealth management businesses in seven Asian markets - the Philippines, Hong Kong, China, Indonesia, Vietnam, Malaysia, and India - as well as the International High Net Worth Business.

“Over the course of his 36-year career at Sun Life, Mr. Accum has made lasting contributions to Sun Life’s growth and success,” said Mr. Connor. “Under Claude’s leadership, Sun Life Asia has gained market share and enhanced the client experience. On behalf of the Executive Team and Board of Directors, I thank Claude for everything he’s accomplished over his career at Sun Life and wish him all the best in his retirement.”

“Today’s announcement speaks to the depth and breadth of our leadership team. Léo has been a driving force in the modernization of our retail business in Canada. I am confident he has the experience, deep understanding and client-focus to lead and build our business in these dynamic Asian markets.”

Mr. Grépin was appointed President ASEAN in April 2019, responsible for Sun Life’s businesses in the Philippines, Indonesia, Vietnam and Malaysia, and regional distribution and marketing. He was previously Senior Vice President, Individual Insurance and Wealth for Sun Life Canada, responsible for the creation and distribution of insurance and wealth management products and solutions for the individual business.

He brings 20 years of experience to the role, including 15 years as Senior Partner at McKinsey & Company. He holds a Bachelor of Mechanical Engineering from McGill University and a Master of Science in Aeronautics and Astronautics from the Massachusetts Institute of Technology.

“I’m delighted to have the opportunity to lead Sun Life Asia at such a dynamic moment in our journey,” said Mr. Grépin. “Asia is the fastest growing pillar of Sun Life’s business; we have welcomed almost 16,000 new advisors and 6.4 million new clients in the last two years alone and last year our life sales growth outpaced the wider industry in all of our countries.”

“We are well positioned to continue this growth story and help to drive prosperity and entrepreneurialism in Asia. Throughout the business, we are investing in our people and capabilities to understand and anticipate client needs and deliver the best possible solutions and experience now and in the future.”

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