Group Co.
Sun Life Announces Establishment of SLC Management
Traders Magazine Online News, June 24, 2019
Sun Life Financial announced the establishment of SLC Management. SLC Management combines the organization's affiliated fixed income institutional asset management businesses – Prime Advisors, Ryan Labs Asset Management and Sun Life Institutional Investments (U.S. and Canada) – as well as Sun Life's general account, into a new autonomous asset management business. SLC Management also replaces the Sun Life Investment Management brand globally, effective immediately.
With C$212 billion (US$159 billion) in combined assets under management as of March 31, 2019, SLC Management provides its more than 1000 institutional clients with a full range of yield-oriented investment solutions across public and private fixed income asset classes as well as global real estate equity and debt. SLC Management will couple its deep heritage of managing long-term financial liabilities with a strengthened, fully-integrated, seamless investment platform.
"The launch of SLC Management builds on the organic growth that we've achieved since the establishment of our business and on the acquisitions of Ryan Labs, Prime Advisors and Bentall Kennedy," said Steve Peacher, President, SLC Management. "This next step underlines our commitment to putting our clients at the heart of everything that we do. It enhances the strength, breadth, and seamless functioning of our investment strategies so that we can further achieve the investment objectives of our institutional clients."
SLC Management will have two related, but distinct pillars – a fixed income pillar and a real estate pillar. The fixed income pillar will operate under the SLC Management brand name, and will include the affiliates currently known as Prime Advisors, Ryan Labs Asset Management and Sun Life Institutional Investments (in both the U.S. and Canada). The real estate pillar will be comprised of the merged operations of SLC Management's Bentall Kennedy business with GreenOak Real Estate (to be named "BentallGreenOak" upon close).
Each of the portfolio management teams within SLC Management will retain investment autonomy while having access to a global credit analyst team of 40 experienced colleagues. This structure allows the teams to focus on driving investment performance for SLC Management's clients, a structure the firm believes creates additional value for clients.
Added Peacher: "Every change to our business is one that we feel will enhance our capabilities for our clients, who we share a common purpose with, which is to manage assets to meet long-term financial obligations. Sun Life has done this successfully for over 150 years and believe that we are uniquely placed to support them going forward. SLC Management supports and advances Sun Life's vision of creating a global asset management firm that provides differentiated investment strategies to meet the evolving needs of investors."
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