Sun Life has announced the appointment of Manjit Singh as its new President of Sun Life Asia, effective March 18, 2024.
Singh currently serves as Executive Vice-President and Chief Financial Officer for the Toronto-headquartered insurer and will relocate to Hong Kong to take up the key leadership position. He succeeds Ingrid Johnson, who has taken on the newly created role of Vice-Chair, Strategic Partnerships for Sun Life globally.
In his new capacity, Singh will oversee operations across eight key Asian markets: China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, and Vietnam. The regions represent a crucial growth area for Sun Life across the life, health, and wealth management segments.
Kevin Strain, President and CEO of Sun Life, commended Singh’s significant contributions since joining Sun Life in 2021:
“Since joining Sun Life three years ago, we’ve benefited greatly from Manjit’s experience and expertise in Financial Services at our executive table. He has a proven track record of strong leadership, deep financial and strategic acumen and a tireless commitment to delivering on our Purpose.”
Singh shared his enthusiasm about his new role, commenting, “I’m incredibly honoured and excited to take on this new role and opportunity at Sun Life Asia.
Asia is an exciting growth market for Sun Life. With a rapidly growing middle class and our presence in diverse markets, we see tremendous potential to drive more innovative products and solutions to better help clients achieve their financial, protection and health goals throughout the region.”
Sun Life it was already undergoing the process of identifying a new Chief Financial Officer to fill Singh’s soon-to-be-vacant position.