Sun Life has announced the appointment of Benjamin Deng as President of Asia Asset Management, effective January 1. This new role involves leading Sun Life’s asset management function to support its growth in insurance and asset management across Asia. Deng will be responsible for the company's investment management strategy and operations, aiming to establish Sun Life as a prominent asset manager in the region.
Benjamin Deng will join Sun Life’s Asia Executive Team, reporting directly to Manjit Singh, President of Sun Life Asia, and Steve Peacher, Executive Chair of SLC Management. He brings extensive experience from his previous position at Ping An Insurance as Group Chief Investment Officer, managing investments with $740 billion in assets under management (AUM). His past roles include Group Chief Investment Officer at China Pacific Insurance (Group) Co., Ltd and Group Head of Investment Solutions and Derivatives at AIA.
Manjit Singh expressed enthusiasm about Deng's appointment: “We are delighted to welcome Benjamin to Sun Life. His appointment highlights our long-term commitment to delivering high-performing investment strategies for our Clients in Asia. With Benjamin’s deep industry expertise and proven leadership, I am confident that he will drive significant growth in our asset management business in the years ahead.”
Steve Peacher also commented on Deng's experience: “Benjamin’s extensive experience and knowledge of managing large investment portfolios in Asia will be invaluable as we seek to grow our asset management capabilities and solutions in Asia.”
Deng himself shared his excitement: “I am very excited to join Sun Life. Sun Life is a great company with a remarkable history. It is deeply rooted in Asia and has tremendous growth potential. I am honored to be named President, Asia Asset Management. In this capacity I will do my utmost to work closely with my colleagues to grow our presence in Asian markets and provide the best service to our clients.”
Sun Life ranks among the top 25 global asset managers with $1.51 trillion in assets under management.