Sun Life Announces Organizational Changes
Sun Life of Canada (Philippines), Inc. (SLOCPI) announces organizational changes in key positions within its senior leadership team.
Effective July 1, Alex Narciso will assume the post of President, concurrent to his role as the company’s Chief Agency Distribution Officer.
As president, Narciso will take the reins of the company’s flagship life insurance business and will have full financial, operational, and regulatory responsibility for SLOCPI.
Narciso joined Sun Life in 1989, handling various agency support roles such as sales training, sales promotions, and agency events. He has been involved with the company's major projects such as its demutualization and the launching of its mutual funds and pre-need businesses.
“Alex’s contribution to the company is unquestionable. It was under his supervision that Sun Life was able to produce and greatly expand a top-quality agency force, as he launched programs that empowered advisors, boosted their skills, and deepened their passion for helping Filipinos achieve financial freedom,” Sun Life Country Head and CEO Riza Mantaring said. “As he takes on his new role, we look forward to supporting him in his future initiatives.”
Narciso will continue reporting to Mantaring, who remains to be Sun Life’s country head and CEO, overseeing SLOCPI, Sun Life Asset Management Company, Inc. (SLAMCI), and Sun Life Grepa Financial, Inc (SLGFI).
Meanwhile, Benedict Sison, Chief Strategy & Financial Management Officer, will now have primary responsibility for new strategic initiatives, in addition to his current oversight of the company's corporate planning, digital transformation and financial management functions.
Michael Manuel, formerly the Chief Business Development Officer, will assume the post of Chief Market Development Officer and will provide critical support in generating sales and the communication of Sun Life’s positions on economic and financial policy. Mike will be responsible for presenting a single point of contact to key clients as Sun Life strengthens its institutional presence and continues to acquire business partnerships and high net worth clients.
Mylene Lopa, Chief Marketing Officer, will add Business Support to her portfolio. This function expands her current accountability for profiling buying behavior and developing product propositions not just for the company’s current market, but for new client segments as well.
This development comes amid the company’s pursuit of its long-term growth plan dubbed “RI5E PH,” wherein it aspires to serve 5 million Filipinos by year 2020. “As we strive to achieve our mission, it is important to ensure that our organization is designed and structured to fully support this goal,” Mantaring said. “By accelerating our growth and streamlining our initiatives, we can make this a reality.”
Sun Life launched “RI5E PH” in 2016, and the company has since made significant progress in growing its client base. “We started with 1.5 million clients in 2016, and, with the efforts of our employees and advisors, we are on track and now at 2.2 million,” Mantaring said. “It’s an ambitious undertaking, but we are ready to work hard and we look forward to launching more programs that will help Filipinos achieve lifetime financial security and live healthier, brighter lives.”