MFS Investment Management said it will add analysts, relationship management executives and salespeople to its staff, as a result of strong sales this year.
Investment management areas the firm is targeting include new equity research analysts stationed in emerging markets, as well as specialists in quantitative analysis and tactical asset allocation. Within distribution, MFS will be expanding in relationship management, dealer relations and sales to support the firm’s expanding retail and institutional sales.
“MFS is a major contributor to the Sun Life Financial group of companies,” said Kevin Dougherty, president of Sun Life Global Investments. ”MFS has built unique global research and distribution platforms that align the firm very strongly with clients. Its excellent historical investment performance is a result of its distinctive team-approach to managing money.”
In addition, Dougherty said, the firm will spend $50 million to expand the firm’s infrastructure.