Insurance

Sun Life appoints Luc Nhon Ly as next CEO of Sun Life Vietnam

Sun Life Financial has announced the appointment of Nhon Luc Ly as the next Chief Executive Officer of Sun Life Vietnam.

The appointment follows the return of former Vietnam CEO Larry Madge to Sun Life’s corporate office in Toronto.

Luc brings more than 26 years of expertise to Sun Life in a career spanning executive, finance, strategy, and actuarial roles across Vietnam, Myanmar and Canada. He joins Sun Life from AIA where he was most recently Chief Executive Officer of AIA Myanmar and prior to that spent 12 years as Chief Financial Officer of AIA Vietnam. He has also held roles with ACE Life in Vietnam and Canada Life in Toronto.

Luc will report to Ingrid Johnson, Sun Life Asia President, and be a member of the Sun Life Asia Executive team.

 

“We are very excited to welcome Luc to Sun Life,” said Kevin Strain, Sun Life President and Chief Executive Officer. “Luc joins our Vietnam business at a moment of immense growth and potential. Over the past five years our Client base in Vietnam has more than tripled and sales have more than quadrupled. Luc is a strategic and entrepreneurial leader and highly respected veteran in the Vietnamese market with a proven track record of success. I am confident he will be a tremendous asset to lead the next phase of our journey in Vietnam as we help even more Clients achieve lifetime financial security and live healthier lives.”

 

“I’m excited to be joining Sun Life at a time where we see huge opportunities in Vietnam,” said Luc Nhon Ly, Chief Executive Officer of Sun Life Vietnam. “My ambition is to make Sun Life the top insurer in Vietnam. It’s certainly not a small goal, but one I believe we can achieve by working together with our partners,  growing a fully-focused Agency force, increasing our brand visibility and enhancing our technology capabilities to provide the best Client experience.”

Sun Life Vietnam achieved sales growth of 564% in the first half of 2021, with significant growth across its agency, bancassurance, and alternative partnership channels.

Luc holds a Bachelor in Actuarial Science and a Master in Statistical Science from the Université de Montréal. He is a Fellow of the Society of Actuaries and the Canadian Institute of Actuaries