Carl Bang was named president of Sun Life Investment Management, a new third-party money management business targeting Canadian defined benefit pension funds and other institutional investors.
Mr. Bang was chief investment officer of the Qatar Foundation Endowment, Doha. Information on his replacement and the size of the endowment could not be learned by press time.
Sun Life Investment Management was launched April 1. It offers pooled funds on private fixed income, commercial mortgages and real estate, along with liability-driven investment strategies and other money management services. It has C$650 million (US$598 million) in assets under management, said spokesman Gannon Loftus.