Sun Life Financial's U.S. Operations announced a series of executive changes last week. The changes are a result of Sun Life's acquisition of Keyport Life Insurance, a fixed and variable annuity provider.
Phillip Polkinghorn, president of Keyport, has been named VP in Sun Life's Retirement Products & Services division. Polkinghorn will be in charge of product manufacturing for Sun Life's annuity business and will be responsible for products, operations, systems, finance partnership development and actuarial matters. Paul LeFevre, Keyport's COO, will serve as a strategic consultant for Sun Life.
At Sun Life, three executives' roles have changed as a result of the acquisition. Ron Fernandes, VP in the Retirement Products & Services division, will retain the same title, but will now concentrate on the firm's wholesale distribution system.
Davey Scoon, VP and CFO for Sun Life, has added the role of chief administrator. In addition to his CFO responsibilities, Scoon will be responsible for the firm's central systems, human resources, legal, compliance, actuarial, and finance areas.
Finally, Peter Demuth, VP and chief counsel for Sun Life, will become chief strategy and business development officer. He will be responsible for mergers & acquisitions, strategic planning, strategic initiatives, public relations, research & development and e-business for the firm.