Richard McKenney appointed Sun Life Financial's Chief Financial Officer

    TORONTO, Feb. 28 /CNW/ - Sun Life Financial Inc. (TSX, NYSE: "SLF")
announced that Richard P. McKenney has assumed the position of Executive
Vice-President and Chief Financial Officer of Sun Life Financial effective
today. McKenney, who joined Sun Life Financial in September 2006, succeeds
Paul W. Derksen, who last spring announced his intention to retire in early
2007.
    "Paul has made a tremendous contribution during his seven years at Sun
Life, and it has been a real pleasure to work with him," said Donald A.
Stewart, Chief Executive Officer, Sun Life Financial. "He played a key role in
Sun Life's conversion from a policyholder-owned company with an initial market
capitalization of $5 billion to a public company with a worth today
approaching $30 billion."
    In commenting on his retirement, Derksen said, "I have enjoyed my time at
Sun Life very much indeed. It is a wonderful organization with a great
management team, and I wish everyone all the best."
    Prior to joining Sun Life Financial, McKenney, 38, was Senior
Vice-President and Chief Financial Officer of Genworth Financial Inc., a U.S.
publicly traded insurance company which had been part of GE Financial
Assurance until Genworth's public offering in 2004. Reporting to Stewart,
McKenney leads the company's enterprise-wide financial, actuarial, risk
management, asset and liability management, capital management, taxation,
planning, mergers and acquisitions, and investor relations functions.
    "Rick has hit the ground running and has already made his presence felt
in many positive ways," noted Stewart. "The transition from Paul to Rick has
gone extremely well, and the addition of an individual of Rick's high calibre
to our senior executive team has us well positioned going forward."

    Sun Life Financial is a leading international financial services
organization providing a diverse range of protection and wealth accumulation
products and services to individuals and corporate customers. Chartered in
1865, Sun Life Financial and its partners today have operations in key markets
worldwide, including Canada, the United States, the United Kingdom, Ireland,
Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda. As of
December 31, 2006, the Sun Life Financial group of companies had total assets
under management of CDN$436 billion.
    Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and
Philippine (PSE) stock exchanges under ticker symbol SLF.