Sun Life Financial completes acquisition of Bentall Kennedy Group

CEO Message

Gary Whitelaw

"Our mission at Bentall Kennedy is to continue to build a North American real estate platform that stands apart for its exceptional client service and high performance culture, all with a strong commitment to fiduciary, ESG and RPI principles. This transaction is another important step in our achievement of that objective. Combining with Sun Life Investment Management gives us the additional capabilities and strengths to continue to pursue our mission well into the future."

Gary Whitelaw
Group Chief Executive Officer,
Bentall Kennedy


As the next, exciting step in the evolution of our company, Sun Life Financial will acquire the Bentall Kennedy Group and we will combine our real estate investment management teams within Bentall Kennedy, becoming Sun Life Financial's exclusive and wholly owned real estate investment management platform.

Sun Life Financial is an international financial services institution with over C$800 billion/$US640 billion in assets under management. Sun Life operates in 26 countries worldwide with the U.S. being a very significant market for them, with a large group insurance business, as well as Boston-based MFS Investment Management, which has over US$440 billion AUM.

Sun Life has been one of our largest clients since 2004, so we know each other very well. We know that we share the same core values with regard to top quality client service, high performance culture and fiduciary responsibilities. Sun Life is the top ranked North American financial services institution in Corporate Knights' Global 100 Most Sustainable Companies, so we know we share the same views on ESG and RPI.

Following the close of the transaction, Sun Life's real estate and mortgage investments team of 90 employees will report into Bentall Kennedy. Employees in both organizations will continue in their current roles. While the ownership of Bentall Kennedy will change, the platform will remain the same. We will keep the same name, the same leadership and management, and the same locations.

Our mission at Bentall Kennedy is to continue to build a North American real estate platform that stands apart for its exceptional client service and high performance culture, all with a strong commitment to fiduciary, ESG and RPI principles. This transaction is another important step in our achievement of that objective. Combining with Sun Life Investment Management gives us the additional capabilities and strengths to continue to pursue our mission well into the future.

Over more than 100 years, our company has consistently demonstrated the ability to provide the best service to our clients by successfully evolving and adapting in a dynamic market environment. Being part of the Sun Life Financial family will enable us to build upon this longstanding record of success. We look forward to joining our new colleagues and together continuing to delivering exceptional results for our clients and investors.

Transaction Details

Who is Sun Life?

Celebrating 150 years in 2015, Sun Life Financial is a leading international financial services organization with operations in 26 countries that offers a diverse range of products and services to individuals and corporate customers. It has assets under management of over C$800 billion/$US640 billion and a market capitalization of more than C$25 billion/US$20 billion.

Headquartered in Toronto, Sun Life Financial serves over 6 million Canadians through its top ranked Group Benefits and Group Retirement Services businesses, and its leading Individual Insurance and Wealth business.

In the U.S. Sun Life has a significant presence in employee group benefits. As well it owns MFS Investment Management, a premier global asset management firm with assets under management of US$449 billion. The company also recently completed the purchase of New York-based Ryan Labs Asset Management Inc. which offers liability-driven investing and total return fixed income strategies in the U.S.

What is Sun Life Financial acquiring?

Sun Life Financial will acquire the Bentall Kennedy Group and we will combine the two real estate investment management teams within Bentall Kennedy, Sun Life Financial's exclusive real estate investment management platform.

When did the deal close?

The deal closed September 1, 2015.

How will the two organizations fit together?

In the near term, Sun Life's real estate and mortgage investments team will report into Bentall Kennedy. The combined group will become a unit of Sun Life Investment Management and Sun Life's exclusive real estate investment management and services platform.

Why did Bentall Kennedy decide to sell?

The prior structure in which two institutional clients and management owned the business has been in place since 2001 and has served us extremely well. Over that period, Bentall Kennedy has significantly grown and diversified its client base.

This transaction is the result of the Bentall Kennedy Board and Owners recognizing that different and more conventional ownership-by a leading financial services firm-will be beneficial now that we have grown and evolved into a fully diversified, multi-client manager with over 550 distinct clients and investors from around the globe. This is quite different than the more narrowly based firm that we were 10 or 15 years ago.

Our mission at Bentall Kennedy is to continue to build a North American real estate platform that stands apart for its exceptional client service and high performance culture, all with a strong commitment to leading fiduciary, ESG and RPI principles.

This transaction is an important step in our achievement of that objective. Sun Life is deeply committed to investment management as one of its core four strategic business pillars. Joining with Sun Life Investment Management gives us the additional capabilities and strengths to advance our mission well into the future.

Why did Sun Life Financial choose Bentall Kennedy?

Expanding its real estate investment management business has been a key strategic goal for Sun Life aligning with its overall enterprise strategy of broadening and diversifying its asset management business. Sun Life has been one of our largest clients since 2004, so we know each other very well. We know that we share the same core values with regard to top quality client service, high performance culture and fiduciary responsibilities. Sun Life is the top ranked North American financial services institutions in Corporate Knights' Global 100 Most Sustainable Companies, so we know we share the same views on ESG and RPI. For this reason, Sun Life was one of a very few select parties approached by Bentall Kennedy in respect of a possible combination. As discussions progressed, the benefits to all stakeholders became compelling.

Will Bentall Kennedy's strategy change now that this deal has been completed?

Not at all. Our mission at Bentall Kennedy is to continue to build a North American real estate platform that stands apart for its exceptional client service and high performance culture, all with a strong commitment to fiduciary, ESG and RPI principles. This transaction is another important step in our achievement of that objective. Combining with Sun Life Investment Management gives us the additional capabilities and strengths to continue to pursue our mission well into the future.

What new services will be introduced as part of Bentall Kennedy's portfolio as a result of its new ownership?

With the addition of Sun Life's commercial mortgage investment business, Bentall Kennedy will have the opportunity to offer those services in the near term. We are also interested in developing new defined contribution investment vehicles and other types of funds to bring to the market.

What will happen to the Bentall Kennedy name and brand?

There will be no changes to the Bentall Kennedy name and brand. We will continue to do business as Bentall Kennedy, only now, we will be identified as "a Sun Life Investment Management company".

Press Releases

Sun Life Financial to acquire Bentall Kennedy Group

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Sun Life Financial to acquire Bentall Kennedy Group

Top U.S. and Canadian real estate and mortgage investment teams to join forces to serve global client base
Broadens and expands Sun Life Financial's asset management pillar

TORONTO, ON, June 15, 2015 - Sun Life Financial Inc. ("Sun Life") (TSX:SLF) (NYSE:SLF) and Bentall Kennedy Group announced today an agreement whereby Sun Life will acquire Bentall Kennedy for a purchase price of $560 million. Bentall Kennedy is a premier real estate investment manager operating in Canada and the U.S. and provides specialized real estate investment management and real estate services, including property management and leasing. As at March 31, 2015, Bentall Kennedy had assets under management of $27 billion and provided real estate services across 91 million square feet of properties.

The acquisition is part of Sun Life's strategy to broaden its asset management pillar by expanding and diversifying the capabilities of Sun Life Investment Management, which provides investment services to third parties and manages Sun Life's general account. The transaction is expected to close in the third quarter of 2015, subject to customary closing conditions, including regulatory approvals. It will be immediately accretive to earnings and return on equity.

"The acquisition of Bentall Kennedy is a perfect fit with Sun Life's four pillar strategy," said Dean Connor, Chief Executive Officer, Sun Life Financial. "It expands and diversifies our asset management pillar, with one of the most respected names in real estate."

The two firms will combine their real estate investment management teams and Bentall Kennedy will be a unit of Sun Life Investment Management. Bentall Kennedy will retain its brand name and be Sun Life's exclusive real estate investment management platform. Together, the real estate and mortgage teams of Bentall Kennedy and Sun Life Investment Management will have $47 billion in assets under management, serving over 550 institutional clients and investors.

"The purchase of Bentall Kennedy complements Sun Life Investment Management's expertise in asset- liability management, fixed income and alternative asset classes by extending our real estate and mortgage investment capabilities," said Steve Peacher, President, Sun Life Investment Management, and Chief Investment Officer, Sun Life Financial. "The two companies also share a common focus on customers, quality investments, strong governance and a commitment to sustainability. Together, we are well-positioned for future growth to meet the needs of pension funds and other institutional clients."

Bentall Kennedy's management team fully supports the transaction and is committed to continuing to deliver strong performance and continuity of relationships with all clients. Following completion of the transaction, Bentall Kennedy will continue to be managed by its current team, led by Group Chief Executive Officer, Gary Whitelaw, who will report to Steve Peacher and join the Sun Life Investment Management leadership team. Bentall Kennedy and Sun Life Investment Management will maintain their existing locations.

"For more than 100 years, Bentall Kennedy has been providing top-ranked service and strong performance for its clients. My colleagues and I are excited to take this next step in our evolution," said Gary Whitelaw. "Sun Life is a strong, highly regarded, and extremely well run financial services organization. We share a deep commitment to investment management as a core business. This combination enables Bentall Kennedy to further advance its mission to stand apart for exceptional client service and high performance culture, all with a strong commitment to Environmental, Social, Governance, and Responsible Property Investment principles."

Bentall Kennedy's institutional shareholders, the British Columbia Investment Management Corporation (bcIMC) and the California Public Employees' Retirement System (CalPERS), have both approved the transaction and will continue to be key clients of Bentall Kennedy under Sun Life's ownership.

"bcIMC strongly supports the transaction, which we believe is beneficial to all stakeholders and ensures that Bentall Kennedy remains well positioned to continue to deliver value to its clients," said Dean Atkins, Acting Senior Vice President, Real Estate, bcIMC. "Bentall Kennedy has been a valued and trusted adviser of bcIMC for more than 24 years. We look forward to continuing our close relationship with the firm under Sun Life's ownership."

"CalPERS looks forward to the future in partnership with Sun Life Investment Management, building on its 17-year longstanding relationship with Bentall Kennedy," said Paul Mouchakkaa, CalPERS Senior Investment Officer for Real Assets.

Forward-looking information

Certain statements in this news release are forward-looking, including, but are not limited to the expected completion date of the transaction; the expected impact of that transaction on Sun Life Financial's earnings and return on equity and other statements that are not historical or are predictive in nature or that depend upon or refer to future events or conditions. Forward-looking statements may include words such as "aim", "anticipate", "assumption", "believe", "could", "estimate", "expect", "goal", "intend", "may", "objective", "outlook", "plan", "project", "seek", "should", "initiatives", "strategy", "strive", "target", "will" and similar expressions. All such forward-looking statements are made pursuant to the "safe harbour provisions" of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995.

The forward-looking statements in this news release represent our current expectations, estimates and projections regarding future events and are not historical facts. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and are based on key factors and assumptions are difficult to predict. These forward-looking statements do not reflect the potential impact of any non-recurring or other special items or any dispositions, mergers, acquisitions or other business combinations or transactions that may be announced or that may occur after the date of this news release.

Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release.

Forward-looking statements are presented to assist investors and others in understanding our expected financial position and results of operations as at the date of this news release, as well as our objectives for the transaction, strategic priorities and business outlook following the transaction, and in obtaining a better understanding of our anticipated operating environment following the transaction. Readers are cautioned that such forward-looking statements may not be appropriate for other purposes and undue reliance should not be placed on these forward-looking statements.

Actual results could differ materially from those expressed in or implied by the forward-looking statements in this news release due to various risk factors, including without limitation: the ability of the parties to complete the transaction; failure of the parties to obtain necessary consents and approvals or to otherwise satisfy the conditions to the completion of the transaction in a timely manner, or at all; failure to effectively or efficiently reorganize the operations of Sun Life Financial and Bentall Kennedy after the transaction has closed; and the impact of the announcement of the transaction and the dedication of Sun Life Financial's resources to completing the transaction on Sun Life Financial and Bentall Kennedy. These risks all could have an impact on the business relationships of Sun Life Financial and Bentall Kennedy (including with future and prospective employees, customers, distributors and partners) and could have a material adverse effect on our current and future operations, financial conditions and prospects.

Additional information about risk factors can be found in the annual information form of Sun Life Financial Inc. for the year ended December 31, 2014 under the heading "Risk Factors" and other regulatory filings filed or furnished to Canadian and U.S. securities regulators available at www.sedar.com and www.sec.gov


About Bentall Kennedy

Bentall Kennedy is one of North America's largest real estate investment advisors and one of its foremost providers of real estate services. Bentall Kennedy is a recognized global leader in Responsible Property Investing, currently ranked first globally in its category in the Global Real Estate Sustainability Benchmark study, the broadest measure of governance quality and sustainability performance in the global real estate industry. Bentall Kennedy is a member of UN PRI and has received the Energy Star Partner of The Year-Sustained Excellence Award for the past 5 years.

Bentall Kennedy includes Bentall Kennedy (Canada) Limited Partnership and Bentall Kennedy (U.S.) Limited Partnership. For more information, visit www.bentallkennedy.com.


About Sun Life Investment Management

Sun Life Investment Management is an institutional investment management arm of Sun Life Financial that includes the investment operations of Sun Life Assurance Company of Canada, Sun Life Investment Management Inc. in Canada, and Ryan Labs Asset Management Inc. in the United States. As of March 31, 2015, these Sun Life Investment Management operations had combined assets under management of $141 billion.


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 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 March 31, 2015, the Sun Life Financial group of companies had total assets under management of $813 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 unless stated otherwise.


Sun Life Financial Media Relations Contact:
Frank Switzer
Vice-President
Corporate Communications
Tel: 416-979-4086
frank.switzer@sunlife.com

Sun Life Financial Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
Tel: 416-979-4198
investor.relations@sunlife.com

Bentall Kennedy Group Media Relations Contact:
Jacqueline Gallant
Head of Institutional Marketing and Communications
Tel: 416-204-3894
jgallant@bentallkennedy.com

Sun Life Financial completes acquisition of Bentall Kennedy Group

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Sun Life Financial completes acquisition of Bentall Kennedy Group

Sun Life Investment Management adds leading North American real estate investment
capabilities to institutional investment platform

TORONTO, ON - (September 1, 2015) - Sun Life Financial Inc. ("Sun Life Financial") (TSX: SLF) (NYSE: SLF) and Bentall Kennedy Group ("Bentall Kennedy") announced today that Sun Life Financial has completed the purchase of Bentall Kennedy, one of North America's largest real estate investment advisors and providers of real estate services.

"Today, Sun Life Investment Management achieved a significant milestone, adding the premier real estate investment expertise of Bentall Kennedy to our high calibre real estate and commercial mortgage investment capabilities," said Steve Peacher, President, Sun Life Investment Management, and Chief Investment Officer, Sun Life Financial. "This transaction continues to expand and diversify Sun Life Financial's asset management pillar as part of our growth strategy, and further extends and strengthens our offering to institutional investors seeking alternative asset classes."

With over 100 years of history, Bentall Kennedy is a leading real estate investment company serving a global base of institutional clients and investors. Bentall Kennedy specializes in real estate investment management and real estate services, including property management and leasing. As of June 30, 2015, Bentall Kennedy had assets under management of approximately $28 billion and provided real estate services across 91 million square feet of properties.

"We are excited about the additional capabilities and resources that Bentall Kennedy will have as a Sun Life Investment Management company to further strengthen our North American real estate platform," said Gary Whitelaw, Group Chief Executive Officer of Bentall Kennedy. "We have seen overwhelmingly positive response to this next step in our evolution from our clients, from our industry and from our employees. We look forward to working together with our new Sun Life colleagues to continue to deliver exceptional client service and consistently strong results."

Bentall Kennedy continues to be managed by its current team, led by Gary Whitelaw, who joins the Sun Life Investment Management leadership team, reporting to Steve Peacher. Bentall Kennedy retains its brand and will operate as a unit of Sun Life Investment Management, which provides investment services to third parties and manages Sun Life Financial's general account assets. The two firms will combine their real estate and commercial mortgage investment management teams to have approximately $48 billion in assets under management, serving over 550 institutional clients and investors in these asset classes.

Bentall Kennedy's management team unanimously supports the transaction and is committed to continuing top-tier service and strong client relationships. Bentall Kennedy's former institutional shareholders, the British Columbia Investment Management Corporation (bcIMC) and the California Public Employees' Retirement System (CalPERS) will continue as key clients of Bentall Kennedy under Sun Life Financial's ownership.

RBC Capital Markets served as financial advisor and McCarthy Tétrault LLP as legal advisor to Sun Life Financial Inc. Hodes Weill Securities, LLC served as financial advisor, Alexander Capital as Canadian sub-advisor, and Davies Ward Phillips & Vineberg LLP as legal advisor to Bentall Kennedy.

Forward-looking information

Certain statements in this news release are forward-looking, including the statement concerning bcIMC and CalPERS continuing as clients of Bentall Kennedy, which is predictive in nature and depends upon or refers to future events or conditions. Such forward-looking statements are made pursuant to the "safe harbour provisions" of applicable Canadian securities laws and of the United States Private Securities Litigation Reform Act of 1995. The forward-looking statements in this news release represent our current expectations regarding future events and are not historical facts. These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties and are based on key factors and assumptions are difficult to predict. Except as may be required by Canadian securities laws, we do not undertake any obligation to update or revise any forward-looking statements contained in this news release. Forward-looking statements are presented to assist investors and others in understanding our expected financial position and results of operations as at the date of this news release, as well as our objectives for the transaction, strategic priorities and business outlook following the transaction, and in obtaining a better understanding of our anticipated operating environment following the transaction.

Readers are cautioned that such forward-looking statements may not be appropriate for other purposes and undue reliance should not be placed on these forward-looking statements. Actual results could differ materially from those expressed in or implied by the forward-looking statements in this news release due to various risk factors. These risks all could have an impact on the business relationships of Sun Life Financial and Bentall Kennedy (including with future and prospective employees, customers, distributors and partners) and could have a material adverse effect on our current and future operations, financial conditions and prospects.

Additional information about risk factors can be found in the annual information form of Sun Life Financial Inc. for the year ended December 31, 2014 under the heading "Risk Factors" and other regulatory filings filed or furnished to Canadian and U.S. securities regulators available at www.sedar.com and www.sec.gov


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 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, 2015, the Sun Life Financial group of companies had total assets under management of $808 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.


About Sun Life Investment Management

Sun Life Investment Management is an institutional investment management arm of Sun Life Financial. Sun Life Investment Management includes the investment operations of Sun Life Assurance Company of Canada, Sun Life Investment Management Inc. in Canada, Ryan Labs Asset Management Inc. and Prime Advisors, Inc. in the United States, and Bentall Kennedy Group in North America. These Sun Life Investment Management operations have combined third-party assets under management of over $50 billion, as of June 30, 2015.


About Bentall Kennedy Group

Bentall Kennedy is one of North America's largest real estate investment advisors and one of its foremost providers of real estate services. Bentall Kennedy is a recognized global leader in Responsible Property Investing, currently ranked first globally in its category in the Global Real Estate Sustainability Benchmark (GRESB) study, the broadest measure of governance quality and sustainability performance in the global real estate industry. Bentall Kennedy is a member of UN Principles for Responsible Investment (PRI) and has received the Energy Star Partner of The Year-Sustained Excellence Award for the past 5 years.

The GRESB benchmark, based in the Netherlands, is committed to assessing the sustainability performance of real estate portfolios around the globe. They conduct an annual survey that measures the ESG performance of listed and private property funds. The 2014 GRESB study included 637 participants covering 56,000 buildings with an aggregate value of US$2.1 trillion. The published report cites the organization and/or fund ranked first for each asset class; retail, industrial, office, residential, healthcare and hotels, and a diversified category in each of the following regions; North America, Europe, Asia, Australia and New Zealand. Bentall Kennedy ranked as the top performer among the 157 companies globally in the Diversified category, including all its asset classes. Bentall Kennedy was ranked as the top firm globally for the Diversified property type in the 2014 GRESB study.

The Energy Star Partner of the Year-Sustained Excellence Award is issued by Energy Star and recognizes Bentall Kennedy's continuous commitment to improve the energy performance of its real estate portfolio through the use of Energy Star tools and resources. Energy Star is a U.S. Environmental Protection Agency voluntary program, which was established in 1992. It promotes the adoption of energy efficient products, practices and services.

Note to editors: All figures in Canadian dollars unless stated otherwise.


Sun Life Financial Media Relations Contact:
Joanna Nicholson
Senior Communications Specialist
Corporate Communications
Tel: +1-416-204-3779
joanna.nicholson@sunlife.com

Sun Life Financial Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
Tel: +1-416-979-4198
investor.relations@sunlife.com

Bentall Kennedy Group Media Relations Contact:
Jacqueline Gallant
Head of Institutional Marketing and Communications
Tel: 416-204-3894
jgallant@bentallkennedy.com

Media Inquiries

Bentall Kennedy Group Media Relations Contact:
Jacqueline Gallant
Head of Institutional Marketing and Communications
Tel: 416-204-3894
jgallant@bentallkennedy.com

Sun Life Financial Media Relations Contact:
Frank Switzer
Vice-President
Corporate Communications
Tel: 416-979-4086
frank.switzer@sunlife.com

Sun Life Financial Investor Relations Contact:
Greg Dilworth
Vice-President
Investor Relations
Tel: 416-979-4198
investor.relations@sunlife.com

Fact Sheet

This fact sheet has been prepared for media to provide additional background about Bentall Kennedy Group, Sun Life Financial and Sun Life Investment Management. All facts and figures noted below are as of March 31, 2015 and in Canadian dollars unless otherwise stated.

About Bentall Kennedy Group

  • Bentall Kennedy is one of North America's largest real estate investment managers, providing specialized real estate investment management and property management services.
  • Bentall Kennedy is the 25th largest real estate investment manager in the world by assets under management* and services over 550 institutional clients and investors and 132 million square feet of office, retail, industrial and multi-residential property throughout the U.S. and Canada.
  • In Canada, Bentall Kennedy provides a full spectrum of real estate investment and management services including property management, leasing, development and asset management.
  • In the U.S., Bentall Kennedy delivers investment management services to address other aspects of real estate management and delivers property management services for a portfolio in Washington State.
  • The investment management platform advises public and corporate pension funds, life insurance companies, endowments, foundations and trusts, high net worth families and sovereign wealth funds on direct investments in office, industrial, retail and multi-family residential real estate.
  • Bentall Kennedy offers their services through two channels: separate accounts and funds.
  • The Bentall Kennedy Group includes Bentall Kennedy (Canada) Limited Partnership and Bentall Kennedy (U.S.) Limited Partnership.
  • As of March 31, 2015, its Canadian operations were the largest and longest operating segment of its business with a track record of more than 100 years and current assets under management of $15 billion. Its U.S. operation has a track record of more than 35 years and currently manages $12 billion.
  • Bentall Kennedy has 1,400 employees and its principle offices are in Toronto, Ontario, Vancouver, British Columbia, and Seattle, Washington.
  • Bentall Kennedy is a member of the United Nations Principles for Responsible Investment and is a recognized leader in Responsible Property Investing, ranking first globally in the Global Real Estate Sustainability Benchmark (GRESB) diversified peer group for 2014.

About Sun Life Financial

  • Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to over 37 million people in 26 countries.
  • Sun Life Financial is recognized for strong governance and corporate social responsibility, including being named as one of the Global 100 Most Sustainable Corporations in the World for the last 9 years.
  • Sun Life Financial has a strong capital position, rated AA- by Standard & Poor's and Aa3 by Moody's.
  • As of March 31, 2015, the Sun Life Financial group of companies had total assets under management of $813 billion and market capitalization of $24 billion.
  • Sun Life Financial trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
  • Sun Life Financial has approximately 28,000 employees worldwide - including 11,525 employed by its Asia joint ventures.
  • Chartered in 1865, 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.
  • Sun Life has four strategic pillars:
    • lead in financial protection and wealth solutions in its Canadian home market;
    • lead in U.S. group benefits and international high net worth solutions;
    • grow Asia through distribution excellence in higher growth markets;
    • be a premier global asset manager, anchored by MFS Investment Management.
  • Sun Life Financial has owned Boston-based MFS Investment Management since 1982 and supported its growth to become the successful global asset manager it is today.
  • MFS Investment Management operates as a standalone unit of Sun Life Financial and is separate from Sun Life Investment Management.

About Sun Life Investment Management

  • Sun Life Investment Management is comprised of the investment operations of Sun Life Assurance Company of Canada which manages Sun Life's general account, Sun Life Investment Management Inc. in Canada and Ryan Labs Asset Management Inc. in the U.S. Bentall Kennedy will become the latest member of the Sun Life Investment Management platform.
  • Sun Life Investment Management was created as part of the strategy to grow and diversify Sun Life's asset management pillar with a mission to offer to liability-based institutional investors customized fixed income solutions and alternative yield-oriented asset classes.
  • The investment teams consist of over 200 investment professionals worldwide, managing more than $133 billion of general account assets for the Sun Life Financial group of companies.
  • Sun Life Investment Management is a leading investor in public fixed income, private debt, commercial mortgages and real estate across North America, and is also an active investor in Asia.
  • Sun Life Investment Management entered the U.S. market through the purchase of New York- based asset manager Ryan Labs Asset Management Inc. on April 2, 2015, increasing its capacity for liability-driven investing and total return fixed income strategies.
  • Sun Life Investment Management Inc. was launched on April 1, 2014 to serve the Canadian defined benefit pension plan market.
  • On December 18, 2014, Sun Life Investment Management became a signatory to the United Nations supported Principles for Responsible Investment.

* Investment Property Real Estate - Top 100 Investment Management Survey (November/December 2014 Magazine).

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