HO CHI MINH CITY (6 June 2025) – Sun Life Financial Inc. ("Sun Life") (TSX: SLF) (NYSE: SLF) today announced the appointment of Lay Hoon Tan as CEO, Sun Life Vietnam, subject to regulatory approval.  

In this role, Lay Hoon will be responsible for driving business growth and delivering on Sun Life’s Purpose to help Clients achieve lifetime financial security and live healthier lives.

Lay Hoon brings more than 30 years of expertise to Sun Life in leadership roles spanning Distribution, Customer Service, Group Benefits & Health, Claims, Product, Marketing, Risk and Operations for multinational insurers in Asia. She was most recently Chief Risk Officer and Head of Distribution Risk Asia for an international life insurance company in Vietnam.

Commenting on the appointment, Randy Lianggara, President, Emerging Markets, Asia, said:

"We are very excited to welcome Lay Hoon to Sun Life. She brings a strong track record and deep understanding of the needs of our Clients in Vietnam.”

“Sun Life is dedicated to serving our Clients with expertise and care as we help them build a stronger financial future and healthier life.  This is supported by ongoing investments to strengthen our support for Clients in Vietnam.”

"I’m confident Lay Hoon will build on these foundations and lead the business to deliver exceptional solutions and services that help more Clients achieve their financial and health goals. This aligns with the Government of Vietnam’s Strategy for the Development of the Insurance Market to 2030 – an ambition we are fully committed to supporting,” said Lianggara.

“I am honoured to join Sun Life, a trusted brand with purpose-driven people and culture, and am committed to lead our Vietnam team to make a positive impact on the lives of our Clients. With the strong support of Randy Lianggara and the wider Sun Life Group, I am certain that we will achieve sustainable growth for Sun Life Vietnam and also contribute to the long-term growth of the Insurance Industry in Vietnam,” said Lay Hoon.

Lay Hoon holds a Bachelor in Business Studies, majoring in Actuarial Science, from Nanyang Technological University. She is a Fellow of the Life Management Institute and an Associate Financial Planner. Lay Hoon will join Sun Life in August 2025. She will be based in Ho Chi Minh City and report to Randy Lianggara, President of Emerging Markets, Sun Life Asia. She will also be a member of the Asia Executive Team.

About Sun Life Vietnam

Sun Life Vietnam currently serves more than 175,000 clients with a range of life, health and pension solutions. Sun Life Vietnam remains one of the leading life insurance companies in Vietnam by charter capital. It is a 100% owned subsidiary of Sun Life, a 160-year old asset manager and insurer with $1.55 trillion in Assets Under Management¹, and solid financial ratings: AA by S&P, Aa3 by Moody’s, and A+ by AM Best.

Sun Life Vietnam has developed a long-term, growth strategy to strengthen financial capacity, expand operational scale, and optimize client experience. 

Sun Life is committed to building financial literacy and promoting healthier lifestyles in the local community. In 2024, Sun Life Vietnam was awarded “Life Insurance Company with Best Customer Service - Vietnam 2024” by International Finance Magazine recognizing the company’s focus on customer satisfaction, innovative service solutions and personalized care.

Note:

1. As of March 31, 2025.  All currency figures are in Canadian dollars, unless otherwise stated.

About Sun Life

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit sunlife.com.

Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Media Relations Contact:           

Sun Life Việt Nam

Ms Le Thi Lien Hoan

Corporate Communications and Digital MKT Lead

Email: hoan.le@sunlife.com