Sun Life Financial has hired Timothy Deacon to succeed Manjit Singh as executive vice president and chief financial officer on April 8.
With a career spanning more than two decades, Deacon is experienced in insurance, wealth and asset management, investments, and capital markets. Before joining Sun Life, he served as chief financial officer at a large pension plan.
Based in Toronto, Deacon serves on the Canadian performance reporting board at CPA Canada and is co-chair of the Accounting for Sustainability CFO Network (Canadian Chapter).
As reported by Insurance Business last December, Singh is moving to Hong Kong after being appointed Sun Life Asia president. He took on the Asian post on March 18 but will continue to concurrently act as CFO until Deacon’s arrival next month.
Sun Life president and chief executive Kevin Strain commented: “We’re excited to welcome Tim to Sun Life. He brings with him an exceptional depth of experience and expertise in both asset management and insurance.
“With financial discipline as one of Sun Life’s strategic priorities, I’m confident Tim will continue advancing this focus while accelerating our growth aspirations and innovation in our finance function. His deep industry knowledge combined with his proven leadership will make him a strong addition to our executive team.”
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