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December 16, 2004

Keith Gubbay Appointed Vice President, Chief Actuary at Sun Life Financial U.S.

Sun Life Financial U.S today announced the appointment of Keith Gubbay to the position of Vice President and Chief Actuary. In this position, Mr. Gubbay will oversee all actuarial functions for Sun Life Financial's U.S. operations and will report to Robert C. Salipante, President of Sun Life Financial U.S.

Mr. Gubbay joins Sun Life Financial (NYSE: SLF) from ING Americas, where he was Executive Vice President and Chief Actuary.

"Keith has extensive experience in product and financial management, distribution and marketing, mergers and acquisitions and strategic development," said Mr. Salipante. "We are very pleased to have someone with Keith's background join our organization."

Mr. Gubbay began his career with Imperial Life of Canada, in England. Subsequently, he moved to the U.S. where he joined Tillinghast/Towers Perrin. He joined Whitehall Financial Group in 1993 as Chief Financial Officer before moving to Life Partners Group in 1995 where he served as head of Corporate Development and Chief Actuarial Officer. Mr. Gubbay joined ING Americas in 1998 where he served in several senior executive roles.

Mr. Gubbay has a bachelor's degree in Economics from Sheffield University in England and received a master's degree in Business from Stanford University (Sloan Fellow). Mr. Gubbay is a Fellow in the Society of Actuaries.

Posted by Tom Troceen