Sun Life Financial Inc. Names Timothy Deacon as its Chief Financial Officer

Sun Life Financial Inc. has announced the appointment of Timothy (Tim) Deacon as Executive Vice President and Chief Financial Officer, reporting to Kevin Strain, President and CEO of Sun Life, beginning April 8, 2024. Mr. Deacon will join Sun Life's global executive team.

He succeeds Manjit Singh, the current President of Sun Life Asia. Mr. Singh will continue to serve as President of Sun Life Asia and CFO until Mr. Deacon takes on his new role.

Mr. Deacon has more than 20 years of global expertise in insurance, wealth and asset management, investments, and capital markets. He has a track record of success in strategic financial leadership, as well as driving development, change, and transformation for significant global financial organizations.

Mr. Deacon most recently served as Chief Financial Officer for a large pension plan with a global footprint, where he oversaw a global finance function that included financial management and reporting, taxation, financial operations, enterprise planning, asset valuation, procurement, and sustainability reporting.

Mr. Deacon will be responsible for Sun Life's Finance group, which includes Finance, Tax, Capital Management, Investor Relations, and strategic financial projects.

“We’re excited to welcome Tim to Sun Life. He brings with him an exceptional depth of experience and expertise in both asset management and insurance,” said Mr. Strain. “With financial discipline as one of Sun Life’s strategic priorities, I’m confident Tim will continue advancing this focus, while accelerating our growth aspirations and innovation in our Finance function. His deep industry knowledge combined with his proven leadership will make him a strong addition to our Executive Team.”

Mr. Deacon is an engaged community leader who serves on the Canadian Performance Reporting Board at CPA Canada, co-chairs the Accounting for Sustainability CFO Network (Canadian Chapter), and is a Board Member and Treasurer at Business / Arts and St. Clement's School in Toronto. Mr. Deacon is a resident of Toronto. He has a Bachelor of Commerce degree from Queen's University, is a Fellow of the Chartered Professional Accountants of Ontario (FCPA), and is a Certified Public Accountant in the state of Illinois.

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of December 31, 2023, Sun Life had total assets under management of $1.40 trillion.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.