Briefly: “Boscia retiring as Sun Life president” and more news

Sun Life Financial has announced that Jon A. Boscia is retiring as president of the company some time in the first quarter of 2011, and will join its board of directors. A successor has yet to be named.

“Jon has made a notable impact on our business in his time with Sun Life and we are delighted that he will continue to provide his insight and vision to the company and our management team,” said CEO Donald A. Stewart.

“Under his leadership, Sun Life U.S. has attracted some of the top talent in the industry and successfully executed a redefined strategy,” Stewart continued. “Sun Life’s businesses outside North America have also made progress under Jon’s leadership. In addition, he has advanced our worldwide branding and marketing efforts as well as ably leading our Sun Life Investments activities.”

– Steven Lamb

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IPC advisors upgrade to Planit 5.2

Over 600 advisors at the Investment Planning Counsel (IPC) have upgraded to the newest version of PlanPlus Planit, a financial and investment planning software.

“PlanPlus has been working closely with IPC and Counsel Portfolio Services in creating a platform that will provide our advisors with unprecedented levels of integration of their financial planning tools to both our IIROC and MFDA back offices as well as the business process to help them provide more consistent, high quality advice to their clients,” said Reggie Alvares, senior vice-president, operations at IPC.

Version 5.2 is customized to include a variety of pre-populated forms and other productivity features.

“The standard process support we have in PlanPlus Planit was extended with a variety of proprietary documents that further enhance the engagement process, plan preparation, implementation and reviews,” said Shawn Brayman, president of PlanPlus Inc. “This integrated solution puts the planning process front and centre with their advisors.”

– Suzanne Sharma

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Man finalizes GLG acquisition

Hedge fund manager Man Group, has completed its acquisition of GLG Partners, Inc., creating a performance-focused alternative asset manager with funds of around US$63 billion.

“Investors are now able to gain access to managed futures, equity, credit, emerging markets, global macro, across single manager funds, managed accounts, multi-manager portfolios and structured products, all managed by Man’s highly experienced and talented investment professionals,” said Peter Clarke, CEO of Man Group.

GLG was established 15 years ago, and is now a wholly owned subsidiary of Man.

– Suzanne Sharma

(10/15/10)