Toronto-based Sun Life Financial Inc. has appointed Kevin Morrissey as senior vice president and chief actuary, a role in which he will oversee the firm’s enterprise-wide actuarial practices and provide leadership, direction and vision for the company’s actuaries.

“Kevin has deep experience across business and corporate functions, most recently creating and leading our global asset liability management practice,” says Claude Accum, executive vice president and chief risk officer of Sun Life, in a statement. “He has a strong track record leading teams, establishing best practices and creating value in our business that he will extend to his new role as chief actuary.”

Morrissey joined Sun Life in 1988 and gained experience across valuation, pricing and finance roles in Canada. He was appointed vice president, asset liability management in 2005, initially for Canada and then for North America. He was then promoted to senior vice president in 2013 and served as the company’s first global leader of asset liability management.

Morrissey has been a fellow of the Society of Actuaries and Canadian Institute of Actuaries since 1995. He succeeds Larry Madge, who was chief actuary at Sun Life since 2013 and has been recently appointed as CEO of PVI Sun Life in Vietnam.

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