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Friday, April 14, 2000 Sun to Bulk Up MFS Fund Biz Newly-public Sun Life Financial Services (SLC) chief executive officer Donald Stewart stressed the intent of the firm to build its wealth management divisions, and particularly its mutual fund operations, both in the US and Canada.
In the US, Sun intends to expand its mutual fund, investment managment, and retirement services business through subsidiary MFS Investment Management and in Canada through Spectrum United and McLean Budden. Sun also intends to make acquisitions in order to build these businesses, according to a statement from the firm, saying that it will be "a strategic acquirer in the consolidating financial services industry." Printed from: MFWire.com/story.asp?s=25651 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |