Toronto-based Sun Life Financial Inc. has established SLC Management, a new asset management company that combines Sun Life’s affiliated fixed-income institutional asset management businesses with its general account.

SLC Management will have two distinct units: a fixed-income pillar operating under the SLC Management banner, which will include Sun Life affiliates Prime Advisors, Ryan Labs Asset Management and Sun Life Institutional Investments; and a real estate pillar that will include the merged operations of SLC Management’s Bentall Kennedy business with GreenOak Real Estate, which will be named Bentall GreenOak upon close.

SLC Management replaces the Sun Life Investment Management brand globally, effective immediately, Sun Life said in a release. It has $212 billion in combined assets under management as of March 31, 2019.

“The launch of SLC Management builds on the organic growth that we’ve achieved since the establishment of our business and on the acquisitions of Ryan Labs, Prime Advisors and Bentall Kennedy,” SLC Management president Steve Peacher said in a statement.

In its release, Sun Life said the portfolio management teams within SLC Management would retain their investment autonomy.