U.S. executive named president of Sun Life
Veteran U.S. financial executive Jon Boscia has been appointed president of Sun Life Financial Inc., the Toronto-based insurer announced Monday.
Boscia, 56, will be based in Wellesley Hills, Mass., and will be responsible for Sun Life's overall U.S. business, apart from Massachusetts Financial Services Co., Sun Life said in a release. He will also oversee worldwide marketing.
Boscia retired from Lincoln Financial Group in August 2007 after serving as chief executive officer for a decade.
"Jon has a stellar reputation, and is widely recognized as one of the top industry leaders in the overall retirement, insurance and investment management businesses, and has also led a successful public company," Sun Life CEO Donald Stewart said. "We are delighted he has chosen to join our team."
The appointment is effective Oct. 14.
Sun Life also named three other senior executives to head business units in the U.S. and Canada.
Shares of Sun Life closed down 60 cents at $36.50 on the TSX.
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