Sun Life Asset Management has lured an individual from China’s Taiping Asset Management for its Mandatory Provident Fund (MPF) business in Hong Kong, AsianInvestor can reveal.
Maggie Choi joined the asset management arm of Canadian insurer Sun Life as a senior portfolio manager on July 26. She is part of the investment team responsible for managing MPF assets and reports to John Lui, chief investment officer for Hong Kong, said a Sun Life spokesperson,.
Choi came in as a replacement for someone who left in July, said the spokesperson, declining to provide more information.
Prior to joining Sun Life, Choi was an equity fund manager at Taiping Asset AM’s Hong Kong unit and before that Haitong International Asset Management.
Taiping AM, part of state-owned Chinese insurer Taiping Life, could not be reached for comment.
Sun Life’s MPF business had HK$45.2 billion ($5.8 billion) in assets under management as of June 30, according to consultancy Mercer. Sun Life Financial, as a group, had Asia-Pacific AUM of $11.5 billion as of March 31 and global AUM of C$944 billion ($749 billion) as of June 30.