Sun Life Philippines is officially entering the trust business with the launch of Sun Life Investment Management and Trust Corporation (SLIMTC).
SLIMTC was established to provide multi-strategy local and global portfolio management services and deliver superior risk-adjusted returns for both individual and institutional investors in the Philippines. The company will leverage on the strong leadership position of its parent company, Sun Life of Canada. They have also partnered with Citibank N.A. to be their middle office provider.
Sun Life has established SLIMTC to capture the growing institutional segment as they have already been successful in gaining a large part of the retail segment.
“We saw an opportunity to expand our business amid the continuous growth and evolution of investment products sought by both individual and institutional investors in the country,” Sun Life Philippines CEO & Country Head Benedict Sison said.
“There is a gap in the trust solutions and services being offered in the country. SLIMTC was envisioned to fill this gap by providing more relevant investment solutions,” Enriquez said. “Moreover, we will also provide the needed education that will empower investors to take on more sophisticated financial instruments.”
SLIMTC is the latest addition to Sun Life’s businesses in the Philippines, which include life insurance under Sun Life of Canada (Philippines), Inc., bancassurance under Sun Life Grepa Financial, Inc., and asset management under Sun Life Asset Management Company, Inc.
