Sun Life Financial appointed Natalie Brady (pictured) as senior vice president of capital management and investor relations.
Brady has been with Sun Life Financial for 25 years, holding various roles in finance, risk and actuarial within the company’s Canadian and Corporate operations. Most recently, she served as senior vice president and head of enterprise finance, overseeing Sun Life Financial’s transition to IFRS 17 reporting.
In her new role, Brady will be responsible for managing relationships with institutional investors, sell-side analysts, rating agencies, and other external stakeholders. She will also oversee Sun Life’s Treasury and Capital Management teams.
The company announced leadership changes in its Canadian subsidiary last year. Jacques Goulet, who has led Sun Life Canada since 2018, was named executive chair, while Jessica Tan became president.
Goulet has been instrumental in bolstering growth at the Canadian subsidiary, introducing key innovations such as the Client Experience Office and Sun Life Health, as well as launching new initiatives like Sun Life One Plan and Prospr by Sun Life.
In August, the company added Patric Cronin and Stacey Madge to its board of directors. Cronin most recently served as special adviser to the CEO of BMO Financial. Prior to that, he was BMO’s chief risk officer. Meanwhile, Madge is a former president and country manager of Visa Canada. Prior to that, she was head and senior vice president of international retail and small business banking at Scotiabank.
For the full year ended Dec. 31, 2024, Sun Life Financial reported underlying net income of C$3.86 billion, a 3% increase from a year earlier. Underlying return on equity was 17.2%.
The company’s wealth and asset management segment reported underlying net income of C$1.82 billion for the year, up 6% from a year ago. Individual protection saw a 12% year-over-year increase to C$1.27 billion.
Meanwhile, assets under management reached C$1.54 trillion as of end of 2024, reflecting an increase of 10% from the previous year.
