Sun Life Investment Management continues focus
on institutional fixed income management with
expansion in the U.S.
TORONTO and NEW YORK,
April 2, 2015 /CNW/ - Sun Life
Investment Management and Ryan Labs Asset Management announced
today that Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) has
completed the purchase of Ryan Labs,
Inc. (Ryan Labs) of New York City. The acquisition was announced
on January 28th and is not material
to the results of Sun Life Financial Inc.
Ryan Labs specializes in
liability driven investing (LDI) and total return fixed income
strategies for institutional clients throughout the United States. The firm's LDI strategies
are designed to meet the risk management objectives of defined
benefit pension funds in an actively managed framework. The firm's
range of total return strategies are managed against traditional
fixed income benchmarks.
"We are excited to join Sun Life Investment Management. Our
shared commitment to meeting the unique goals of defined benefit
pension funds and other institutional investors' evolving fixed
income needs will position us well for future growth in the U.S.,"
said Sean McShea, President, Ryan
Labs Asset Management.
"Extending our asset management footprint in the U.S. through
this acquisition is an important milestone for Sun Life Investment
Management," said Steve Peacher,
President, Sun Life Investment Management and Chief Investment
Officer, Sun Life Financial. "Ryan
Labs has a strong focus on its customers and excellent
investment performance across their LDI and total return platforms.
The acquisition builds on our successful launch of Sun Life
Investment Management Inc. in Canada, and continues to grow our asset
management business as part of Sun Life Financial's four-pillar
enterprise strategy."
Ryan Labs has approximately
US$5.1 billion in assets under
management and has changed its name to Ryan Labs Asset Management
Inc. The firm will operate as a unit of Sun Life Investment
Management, which provides investment solutions to institutional
investors and launched its third-party asset management business in
Canada in April 2014.
All opinions and commentary are subject to change without notice
and are provided in good faith without legal responsibility.
About Sun Life Investment Management
Sun Life
Investment Management is the institutional investment management
arm of Sun Life Financial that includes Sun Life Investment
Management Inc., the investment operations of Sun Life Assurance
Company of Canada, and Ryan Labs
Asset Management Inc.
Sun Life Investment Management Inc. provides investment
solutions for defined benefit pension plans and other institutional
investors in Canada, specializing
in private asset class funds and liability driven investment
strategies. Sun Life Investment Management Inc. is supported by the
investment operations of Sun Life Assurance Company of
Canada that also manages
assets for its affiliated insurance companies.
For further information about Sun Life Investment Management
Inc. and its offerings, please visit
www.sunlifeinvestmentmanagement.com.
Ryan Labs Asset Management specializes in managing fixed
income portfolios for institutional clients principally in
the United States. Its platform
includes liability driven investing strategies managed versus
a Custom Liability Index® and total return strategies managed
against traditional fixed income benchmarks. In 1991, Ryan
Labs Asset Management became the first asset manager to create a
custom liability index with daily valuation and manage a bond
portfolio versus this index.
For further information about Ryan Labs Asset Management and its
offerings, please visit www.ryanlabs.com.
About Sun Life Financial
Celebrating 150 years in
2015, Sun Life Financial is a leading international financial
services organization providing a diverse range of protection and
wealth products and services to individuals and corporate
customers. Sun Life Financial and its partners have operations in
key 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 December
31, 2014 the Sun Life Financial group of companies had total
assets under management of $734
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.
Note to Editors: All figures in Canadian dollars except as
otherwise noted.
SOURCE Sun Life Investment Management