Sun Life Of Canada (Philippines), Inc. Names Jose Isidro N. Camacho Chairman Of The Board
October 5, 2009 (Manila, Philippines) - - Sun Life of Canada (Philippines), Inc. (SLOCPI), a wholly-owned subsidiary of Sun Life Financial Inc. (TSX/NYSE/PSE: SLF) today announced that its Board of Directors has elected Jose Isidro N. (Lito) Camacho as the company’s Chairman of the Board, effective September 30, 2009.
“It is a great privilege to have one of the Philippines’ most respected figures in finance chair our Board of Directors,” said Riza Mantaring, President & CEO, Sun Life of Canada Philippines. “Our Board of Directors could have made no better choice than Lito Camacho. His wealth of experience here in the Philippines and internationally, coupled with his work in the public sector as Finance Secretary makes him the ideal person to support Sun Life's management in their goal of making Sun Life Philippines an even greater success in the market.”
“I’m truly honoured to join the Sun Life Board of Directors as its Chairman,” said Mr. Camacho. “Sun Life is a very well-respected international company with a long history here in the Philippines and I’m very much looking forward to working with such a high-quality organization.”
“I greatly appreciate the trust and confidence that the Board of Directors has put in me and I will work closely with them and support the management team to help ensure that Sun Life Philippines continues to deliver products and services that will help Filipinos achieve lifetime financial security, while delivering strong growth and return to shareholders,” Mr. Camacho added.
Mr. Camacho will be an independent, non-executive Director of the SLOCPI Board. He succeeds Stephan Rajotte, Sun Life Financial’s President for Asia. Mr. Rajotte will continue as a member of the Board.
Mr. Camacho will continue in his current role as Managing Director and Vice Chairman of Credit Suisse Asia Pacific. He has a long and distinguished career in government and international banking including his role as Secretary of Energy and Secretary of Finance for the Philippines from 2001 to 2003. Prior to joining the government, Mr. Camacho was Managing Director and Chief Country Officer for the Philippines at Deutsche Bank, AG in Manila. Mr. Camacho began his career at Bankers Trust where he worked for 20 years in various positions in New York, Japan, Hong Kong, the Philippines in Singapore.
Mr. Camacho graduated cum laude with a bachelor’s degree in mathematics from De La Salle University and received his MBA with a concentration in finance from the Harvard Business School.
About Sun Life Financial
Sun Life Financial is a leading international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers. Chartered in 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of June 30, 2009, the Sun Life Financial group of companies had total assets under management of CAD$397 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 ticker symbol SLF.
For more information, please contact:
849 - 9427
886-6188 locals 8427 or 8678
Sun Life Financial Philippines