PVI Sun Life appoints big shot as new CEO

October 03, 2016 | 09:48

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Larry Madge has just been appointed as the new chief executive officer of PVI Sun Life from September 28, 2016.

Larry will now be responsible for growing Sun Life’s business in Vietnam, taking charge of the sixth largest life insurance provider and a pioneer of pensions in Vietnam.

“Larry brings a wealth of experience and insight to the CEO role and our growth ambitions for Vietnam. He has joined the Vietnam team at a pivotal time, having just announced we are acquiring the remaining 25 per cent stake in PVI Sun Life,” said Kevin Strain, president of Sun Life Financial Asia.

Prior to this appointment, Larry was Sun Life Financial Global chief actuary, based at the company’s corporate headquarters in Toronto, Canada.

He joined the organisation in 1986 and has leadership experience across product, business line, actuarial, and financial functions.

He is well familiar with Sun Life’s Asian and Vietnamese businesses as he was global chief actuary since 2013, a senior role in the company’s worldwide insurance operations. Larry is based at PVI Sun Life’s headquarters in Ho Chi Minh City.

“We are extremely pleased that Larry has joined us and I am confident that with his background, expertise, and enthusiasm, he will continue with the great momentum we have built in Vietnam since we launched in 2013,” added Strain.

Founded in March 2013 as a partnership of Sun Life and PVI, PVI Sun Life aims to provide financial solutions to help customers enjoy a secure and brighter future. PVI Sun Life has already established itself as the sixth largest life insurance provider and a market leader and industry pioneer in pensions.

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