Sun Life Financial Inc. (TSX:SLF) has appointed former the chief investment officer of the Qatar Foundation Endowment (QFE), Carl Bang, as its president of its new institutional asset management business in Canada, Sun Life Investment Management Inc.
Bang will be responsible for investment strategy, product, business development, client relationships and operations for Sun Life’s new third-party asset management business. He comes to Sun Life from his role as CIO at one of the largest endowment funds in the world. Before that, he was chairman and EO of State Street Global Advisors (SSGA) based in Paris, and he was previously president, senior managing director and CIO for SSGA Canada.
Sun Life Investment Management, which was launched in April, currently offers three pooled funds focusing on private fixed income, commercial mortgages and real estate assets. It also provides asset management and investment advisory services to managed accounts.
“Carl is a seasoned leader who brings deep investment knowledge and business-building expertise to our team,” said Steve Peacher, the new venture’s initial president and CIO at Sun Life Financial. “Carl will play a strategic leadership role as we grow our new business. His industry insight and strong experience will help drive our Canadian operations, offering our diverse investment solutions to institutional investors in the country.
Bang has an MBA from the Schulich School of Business and has a CFA designation.