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Canada's Sun Life opens Singapore, looks for acquisitions in Asia

Bloomberg
Bloomberg • 2 min read
Canada's Sun Life opens Singapore, looks for acquisitions in Asia
Singapore becomes the eighth market for Sun Life in Asia, where the company has 21,000 employees and C$52 billion ($53.6 billion) in assets under management.
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Sun Life Financial Inc. has opened an office in Singapore and is looking for more acquisitions in Asia as the Canadian insurer expands its footprint in the region.

The Toronto-based firm will target affluent clients in the city-state, offering insurance products through international brokers and private banks in the Asian financial hub.

“To be in Singapore is essential and critical to build out our high-net worth strategy within Asia,” Belinda Au, chief executive officer of Sun Life Singapore said in an interview Friday. The company will start with about a dozen employees and add more over the next few years, she said.

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