21:45 | 12/01/2017 Companies
(VEN) - The series of Grand Opening Ceremonies will officially mark the debut of the Sun Life Vietnam brand to the general public, following Sun Life Financial Inc. acquired the remaining 25% charter capital of PVI Sun Life Insurance Company Limited from PVI Holdings after receiving regulatory approval on Nov. 7th, 2016.
Sun Life Vietnam launched a series of Grand Opening Ceremonies combined with its Distribution Kick-off events this month in major cities throughout Vietnam. The events will take place in Ha Noi on Jan. 12th, in Nha Trang on Jan. 14th and in Da Nang on Jan. 15th, ( in Ho Chi Minh City on Jan. 11th).
According to Mr. Roger Steel, President, New Markets and Business Development, Sun Life Financial Asia, this acquisition means that Sun Life Vietnam is now 100% owned by Sun Life Financial Inc., a leading international financial services organization, and gives Sun Life Financial Inc. further access to the Vietnam market.
Since it launched in 2013, Sun Life Vietnam has already established itself as a market leader and industry pioneer in pensions, and the complete ownership will only add to Sun Life’s continued momentum in Vietnam.
“Vietnam is one of the fastest growing economies for life insurance and pensions in Asia and this transaction will enable us to strengthen our platform in this market”, Mr Roger Steel said.
Larry Madge, General Director, Sun Life Vietnam added that “We are delighted to officially introduce the new corporate name to the Vietnamese people as well as to witness the momentum from our agency force and staff under the Sun Life Vietnam brand. We are new to Vietnam but we are determined to be one of the best insurance companies in Vietnam. We will leverage our dynamic, client-centric and high performance start-up with the global experience of Sun Life Financial Inc. We are already the market leader in Corporate Sales and will continue to strengthen our presence while leveraging the expertise from our parent company to take Sun Life Vietnam into the next phase of growth.”
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth products and services to individuals and corporate customers. Sun Life Financial 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 Sep. 30, 2016, the Sun Life Financial group of companies had total assets under management of CDN$908 billion. For more information please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.