Singapore: December 15, 2023
The Singapore branch of Sun Life Assurance Company of Canada, also known as “Sun Life Singapore,” announced today that Christopher Albrecht will take over as CEO on January 1, 2024.
With a focus on long-term sustainable growth, diversifying the company’s business model, and developing top talent, Christopher will be based in Singapore and will be in charge of overseeing the strategic and operational aspects of Sun Life Singapore’s operations. Karim Gilani, President of Sun Life Financial’s Greater China, Singapore, and International High Net Worth divisions, will be Christopher’s boss. This important appointment follows Sun Life Singapore’s successful 2023 campaign, during which its most recent ground-breaking SunBrilliance Indexed Universal Life solution won multiple awards from the industry.
The company will keep up its current growth trajectory in the upcoming year as it achieves its milestone of collecting more than S$500 million in premiums since April 2021.
Having held senior positions at HSBC Insurance (Singapore), Old Mutual International, Swiss Life, and 1291 Group (Hong Kong), Christopher brings with him over 25 years of invaluable experience in the insurance industry. He can offer distinct insights into the market from his experiences working in the brokerage, insurance, and High-Net-Worth (HNW) banking sectors. Christopher relocated to Singapore in 2005, having previously lived in the United Kingdom. In 2017, he moved to Hong Kong, which allowed him to gain even more insight into the insurance market in Asia.
Commenting on the appointment, Mr Gilani said: “We are delighted to welcome Christopher to the team as we embark on the new year ahead of us, ripe with opportunities for our Singapore business amid rising wealth inflows and strong demand for wealth preservation. Christopher’s diverse background and international exposure make him an ideal fit for Sun Life Singapore’s next stages of growth.
I am confident that with his leadership and extensive industry knowledge, we will drive greater success for the business, further unlock value for our partners and clients, and cement our status as the leading insurer for HNW insurance in Asia.”
Venkat