The Hong Kong unit of Canadian insurer Sun Life Financial has appointed Rainbow Pan as general manager for wealth and pensions, taking over from Belinda Luk who is retiring this week after more than 11 years on the job.
Ms. Pan was previously chief partnership distribution officer at Chinese insurer Tahoe Life. Her appointment at Sun Life Hong Kong is effective November 4.
Ms. Luk, who is retiring on November 6, will become a special adviser, providing advice on key strategic initiatives, the company says in a statement on October 31.
“Rainbow’s extensive experience and strong leadership will prove to be crucial in our journey to better serve our clients,” Chief Executive Officer Fabien Jeudy says in the statement.
Sun Life Hong Kong is the fourth largest Mandatory Provident Fund (MPF) service provider in the city, with an 8.6% share of the public retirement plan as of June 2019, according to advisory firm Willis Towers Watson.
Sun Life Hong Kong managed HK$77.9 billion (US$9.98 billion) of the MPF’s assets of over HK$910 billion as of mid-2019.
Parent company Sun Life Financial had C$1.03 trillion ($779 billion) of total assets under management as of end-June.