The U.S. division of Sun Life Financial Inc. announced that Stephen Deschenes has been named SVP and GM of its Annuities Division. In this role, he will oversee Sun Life's annuity business line, working with the company's marketing, actuarial and distribution units to build best practices and create a diversified portfolio of competitive products. He will assume the role on June 8, 2009.
Deschenes joins Sun Life from MassMutual Financial Group, where he served as SVP and chief marketing officer for the Retirement Income Group. Prior to joining MassMutual, he served as EVP for Fidelity Investments.
"Steve is a proven leader with a successful 23-year track record in setting strategic direction and driving results in highly competitive markets," says Wes Thompson, president, Sun Life Financial U.S. "The challenging economic environment is increasing consumer awareness of the need for retirement income solutions, and Sun Life is in a unique position to meet Boomers' evolving needs as they redefine retirement."
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