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Sun Life Financial has announced two major appointments for the Asian market, as the company seeks to streamline operations and achieve higher growth in the region.
Leo Grepin, currently SVP, individual insurance and wealth, of Sun Life Canada, has been named in the newly created role of president, ASEAN, effective April 01. He will lead Sun Life’s businesses in the Philippines, Indonesia, Vietnam, and Malaysia, as well as the regional distribution and marketing teams.
According to a media statement by Sun Life, these businesses generated individual insurance sales of SG$363 million in 2018, and have grown at a CAGR of 14% in the last four years.
Before joining Sun Life, Grepin was head of account management at global hedge fund Bridgewater Associates, and senior partner at McKinsey & Company, where he was a leader of the insurance practice.
Meanwhile, Karim Gilani, currently chief financial officer for Asia, will take on an expanded role. As Asia chief financial officer and head of strategic integration, he will be responsible for oversight and integration of the core regional functions – finance, risk, actuarial, product, ALM, legal, investments, M&A, and compliance.
Gilani joined Sun Life Asia in 2015 as chief risk officer, before becoming CFO in 2017. Prior to Sun Life, he held varied roles in risk, actuarial, products, reinsurance, and consulting in Asia and North America. He is a fellow of the Society of Actuaries and the Canadian Institute of Actuaries.
“Uniting leadership of our ASEAN businesses with our distribution and marketing teams enables us to fast-track initiatives across markets, enhance our brand engagement and deliver on our ‘client for life’ strategy,” said Sun Life Financial Asia president Claude Accum regarding the changes.
