Canadian insurer Sun Life has hired an ex-Ping An executive to lead its asset management business in Asia.
Sun Life has appointed Benjamin Deng as president, Asia asset management, according to a statement, effective 1 January 2025. In the newly created role, he will join Sun Life’s Asia executive team and report to Manjit Singh, president of Sun Life Asia as well as Steve Peacher, executive chair of SLC Management, Sun Life’s institutional asset management business.
Deng was most recently working a Ping An Insurance as its group chief investment officer, overseeing the group’s investment management with $740 billion in assets. Prior to that, he also worked at China Pacific Insurance and AIA.
As of September 30, Toronto-headquartered Sun Life had C$1.51 trillion ($1.05 trillion) in assets under management. Within Asia, it has operations in Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam and Malaysia.
