logo
Sun Life appoints Brennan Kennedy as new Chief Actuary Français

Sun Life appoints Brennan Kennedy as new Chief Actuary Français

Cision Canada5 hours ago

TORONTO, /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) is pleased to announce the appointment of Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025. Brennan is currently Sun Life's Senior Vice-President of Global Asset Liability Management.
In his new role, Brennan will provide leadership, direction and vision for the actuarial functions across the organization with a focus on talent development, leading-edge technology solutions, innovations and thought leadership in support of Sun Life's strategic imperatives and Client Impact Strategy. He will partner closely with business groups and corporate functions to apply actuarial best practices to valuation, reporting, product development and pricing activities to ensure compliance with regulatory requirements and industry standards.
Brennan is a seasoned leader with more than 26 years of deep experience and expertise at the organization. He has held progressively senior roles across the business in Actuarial, Risk Management, Finance and Asset Liability Management functions since joining in 1998.
Brennan holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries.
"I'm thrilled to have Brennan step into this critical role. I'm confident his leadership will continue to drive success for Sun Life," said Tom Murphy, Executive Vice-President and Chief Risk Officer. "His deep expertise and forward-thinking approach will be instrumental in supporting our continued growth and strengthening our actuarial capabilities as the industry evolves."
Brennan succeeds Kevin Morrissey, Senior Vice-President and Chief Actuary, who will retire after an illustrious 37-year career with Sun Life on October 3, 2025. Over the next few months, Kevin will support Brennan in his onboarding to the Chief Actuary role until his retirement.
Kevin began his career with Mutual Life of Canada in 1988, which eventually became Clarica, which was later acquired by Sun Life in 2002.
Throughout his tenure, Kevin progressed through various leadership roles across Finance, Risk Management and Actuarial. He has served in his current role of Senior Vice-President and Chief Actuary since 2016.
"On behalf of our Board of Directors and our Global Leadership Team, I'd like to thank Kevin for his leadership and tremendous contributions to Sun Life and wish him well in his retirement," added Murphy. "For the past two decades, Kevin has proved to be a key partner in helping Sun Life navigate various external economic challenges and maintain its resiliency. As the guiding light for our Global Actuarial Community, he has always led by example."
About Sun Life
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the U.S., the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion. For more information, please visit sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

YOFC Unveils "AI-2030" Strategy to Drive the Next Generation of AI-Ready Optical Infrastructure
YOFC Unveils "AI-2030" Strategy to Drive the Next Generation of AI-Ready Optical Infrastructure

Cision Canada

timean hour ago

  • Cision Canada

YOFC Unveils "AI-2030" Strategy to Drive the Next Generation of AI-Ready Optical Infrastructure

WUHAN, China, June 19, 2025 /CNW/ -- Zhuang Dan, Executive Director and President of Yangtze Optical Fibre and Cable Joint Stock Limited Company (YOFC), participated in the "AI Innovation and Impact" keynote forum at MWC Shanghai 2025 on June 19. During the event, Zhuang delivered a speech titled "Soar Toward Light with Innovation: YOFC AI Strategy Empowers a Bright Future of Digital Intelligence." He stated, "YOFC is launching its 'AI-2030' strategy to precisely address the demands of the AI era. By driving technological innovation and fostering ecosystem collaboration with global partners, the company aims to accelerate the industrialization of cutting-edge technologies, including hollow-core fibre. YOFC is committed to becoming a global leader in AI-optimized optical connectivity infrastructure, working together to build a sustainable future of digital intelligence." Today, AI technology is driving a new wave of industrial transformation around the world. At the heart of this shift is the deep integration of optical fibre networks with AI technologies - a critical trend shaping the future of connectivity. Optical fibre networks are rapidly evolving into strategic infrastructure, enabling digital transformation across industries. YOFC's "AI-2030" strategy focuses on four key areas - technological innovation, ecosystem collaboration, global market expansion, and sustainable development - to explore and implement initiatives that will accelerate the evolution of AI optical connectivity infrastructure. Focusing on technological innovation, YOFC is building ultra-high-speed networks to power the AI infrastructure of the future. As Zhuang noted, without next-generation optical fibre networks, AI infrastructure will be unable to handle the massive surge of data required for digital and intelligent transformation across industries. With a forward-looking approach, YOFC is driving the R&D and commercial application of next-generation optical fibres. By delivering advanced products, including G.654.E fibre, multi-core fibre, high-end multi-mode fibre, ultra-high-speed optical transceivers, and hollow-core fibre, the company is creating high-performance networks characterized by ultra-high bandwidth, ultra-low latency, and ultra-low attenuation, providing vital support for the upgrade of global digital infrastructure. Among these innovations, hollow-core fibre, widely recognized as a disruptive technology for next-generation optical communications, overcomes the latency, attenuation, and capacity limitations of traditional solid-core fibre. This breakthrough enables transformative applications across scenarios, including intelligent computing centers, 6G and submarine communications. Notably, YOFC has developed the full suite of critical raw materials for hollow-core fibre in-house and is collaborating with partners worldwide to advance its application and deployment. Furthermore, the company has achieved continuous transmission over 20 kilometers on a single fibre with an attenuation coefficient of just 0.05 dB/km, cementing its leadership position in global innovation. Advancing end-to-end ecosystem collaboration to accelerate market adoption. YOFC is actively working with upstream and downstream partners across the industry value chain to promote pilot projects and commercial applications of new products in emerging use cases, including multi-core fibre, hollow-core fibre, and in-vehicle optical fibre. The company is strengthening collaboration with research institutes and academic partners to jointly address key technologies and accelerate the translation of innovations into real-world solutions, ranging from next-generation optical fibres and communication components to evolving network architectures. YOFC is also leading or contributing to the development of domestic and international standards for products and technologies - notably G.654.E and hollow-core fibre facilitating alignment and innovation across the global fibre ecosystem. Accelerating the global shift toward digital intelligence to bridge the digital divide. Through 11 years of international expansion, YOFC has established 8 production facilities in 6 countries and built over 20 overseas platforms, delivering products and services to more than 100 countries and regions and helping drive their transition toward digital intelligence. The firm is deepening collaboration with global carriers to support the rollout of large-scale AI networks and the trial and commercial application of new technologies and products, paving the way for widespread digital enablement. In countries and regions with less-developed infrastructure, notably the Philippines, Indonesia, and Peru, YOFC is actively participating in the construction of local optical fibre networks, helping connect communities and extend the benefits of digital intelligence to more people. Committed to sustainability and corporate responsibility. By advancing its green management practices and exploring circular economic models, YOFC has boosted energy utilization by 40%, improved production efficiency by 20%, and reduced operating costs by 20%. The company is also building a sustainable supply chain by implementing eco-conscious procurement, packaging, logistics, and recycling initiatives, contributing to sustainable growth across the entire industry ecosystem. In addition, YOFC has established investment funds to strategically expand into emerging sectors, with a focus on industrial lasers and robotics, advancing industrial collaboration in the AI era and strengthening the company's overall competitiveness. Over the past 37 years, YOFC has produced and delivered over 1.1 billion fibre-kilometers, serving more than 3 billion people and helping raise the global fibre broadband penetration rate to 47.3%. The release of the "AI-2030" strategy underscores YOFC's proactive response to the evolving demands of the AI era and reaffirms its strong commitment to enabling sustainable growth within the global communications landscape. Looking forward, guided by its mission of "Smart Link, Better Life", YOFC will deepen collaboration with partners around the world to empower a digitally intelligent future - further accelerating the momentum of global digital transformation.

NORTHCLIFF ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING
NORTHCLIFF ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Cision Canada

time3 hours ago

  • Cision Canada

NORTHCLIFF ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

VANCOUVER, BC, June 19, 2025 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) announces that it has arranged a non-brokered private placement (the "Private Placement") of 19,842,128 common shares of the Company ("Common Shares") at a price of C$0.06 per Common Share (based on the five day VWAP of the Common Shares for the five trading days ended May 29, 2025) for gross proceeds of C$1,190,527.68. The Common Shares issued are subject to applicable resale restrictions, including a hold period of four months and one day from the closing of the Private Placement under Canadian securities rules. The Private Placement is subject to customary closing conditions including final Toronto Stock Exchange approval. Proceeds of the Private Placement will be used to fund the Company's share of expenditures related to the Sisson Project and for working capital and general corporate purposes. Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation and a shareholder that holds in excess of 10% of the issued and outstanding Common Shares, will subscribe for 16,157,166 Common Shares under the Private Placement. Andrew Ing, a director and officer of the Company, will subscribe for 323,242 Common Shares under the Private Placement and Scott Cousens, a director of the Company, will subscribe for 1,292,970 Common Shares under the Private Placement. Additionally, Barb Thomas, the spouse of Trevor Thomas, an officer of the Company, will subscribe for 77,578 Common Shares under the Private Placement. Each of Todd, Andrew Ing, Scott Cousens and Barb Thomas are considered to be "insiders" by the Toronto Stock Exchange. The participation by each of Todd, Andrew Ing and Scott Cousens constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon the exemptions from the formal valuation and minority shareholder approval requirements pursuant to sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transaction insofar as it involves interested parties (within the meaning of MI 61-101) in the Private Placement exceeds 25% of the Company's market capitalization calculated in accordance with MI 61-101. As the terms of the Private Placement, including insider participation, were only recently finalized, the Company will file a material change report less than 21 days before the expected closing of the Private Placement. The Company believes this shorter period is reasonable in the circumstances in order to complete the Private Placement in a timely and efficient manner. Upon closing of the Private Placement, Todd shall exercise its right to nominate a second director, Mr. Evan Davies, to the Company's Board of Directors. Mr. Davies has been a senior executive at Todd since 2008 and has been Group CEO since early 2023. He has significant commercial and management experience across a range of industries. Before joining Todd as Managing Director of Todd Property, he was the initial Managing Director of SkyCity Entertainment Group, growing the company from a single site to having business operations throughout New Zealand, South Australia and the Northern Territory with an enterprise value of NZ$3 billion and more than 6,000 staff. He also has business interests in farming and viticulture and is involved with several charitable and public sector enterprises. Mr. Davies holds a Bachelor of Town Planning from the University of Auckland, a Master of Science in Tourism Management from the University of Surrey and a Master of Philosophy in Urban and Regional Planning from the University of Birmingham. Northcliff Chairman, President and CEO Andrew Ing said "On behalf of the Northcliff Board of Directors, I would like to welcome Evan Davies to the Board and look forward to the benefit of his business expertise and strategic advice as we progress the Sisson Critical Minerals Project." About Northcliff Resources Ltd. Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. Additional information on Northcliff is available on the website at Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114. On behalf of the Board of Directors Andrew Ing Chairman, President & CEO This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address the proposed Private Placement, or other events that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at

NGEx Announces Voting Results from Annual General Meeting
NGEx Announces Voting Results from Annual General Meeting

Cision Canada

time4 hours ago

  • Cision Canada

NGEx Announces Voting Results from Annual General Meeting

VANCOUVER, BC, June 19, 2025 /CNW/ - NGEx Minerals Ltd. ("NGEx" or the "Company") (TSX: NGEX) (OTCQX: NGXXF) is pleased to announce the voting results from the Annual General Meeting of the Company held on Thursday, June 19, 2025 (the " Meeting"). PDF version A total of 130,560,014 common shares were voted at the Meeting, representing 63.06% of the issued and outstanding common shares of the Company at the record date May 8, 2025. Shareholders voted in favor of each of the following items of business at the Meeting: View PDF Election of Directors % Votes For % Votes Against William Rand 99.71 0.29 Adam Lundin 99.03 0.97 Wojtek Wodzicki 99.89 0.11 Cheri Pedersen 91.93 8.07 Neil O'Brien 92.89 7.11 Alessandro Bitelli 92.89 7.11 Erin Johnston 95.63 4.37 Joyce Ngo 100 0 Appointment of Auditors % Votes For % Votes Withheld PricewaterhouseCoopers LLP 100 0 Detailed voting results for the Meeting are available on SEDAR+ at About NGEx Minerals NGEx Minerals is a copper and gold exploration company based in Canada, focused on exploration of the Lunahuasi copper-gold-silver project in San Juan Province, Argentina, and the nearby Los Helados copper-gold project located approximately nine kilometres northeast in Chile's Region III. Both projects are located within the Vicuña District, which includes the Caserones mine, and the Josemaria and Filo del Sol deposits. NGEx owns 100% of Lunahuasi and is the majority partner and operator for the Los Helados project, subject to a Joint Exploration Agreement with Nippon Caserones Resources LLC, which is the indirect 30% owner of the operating Caserones open pit copper mine located approximately 17 kilometres north of Los Helados. Lundin Mining Corporation holds the remaining 70% stake in Caserones. The Company's common shares are listed on the TSX under the symbol "NGEX" and also trade on the OTCQX under the symbol "NGXXF". NGEx is part of the Lundin Group of Companies. Additional information relating to NGEx may be obtained or viewed on SEDAR+ at Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release. The information contained in this news release was accurate at the time of dissemination but may be superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store