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Move expands Sun Life’s presence to eight markets in Asia
SINGAPORE – Media OutReach – 7 August 2020 – Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF), a global life insurer and asset manager, today announced it has opened a branch in Singapore to offer life insurance solutions to High Net Worth Clients. The announcement follows final license approval from the Monetary Authority of Singapore in May 2020.
Sun Life Assurance Company of Canada Singapore Branch (“Sun Life Singapore”) will offer life insurance solutions to help Clients grow, protect and transfer their wealth to the next generation. The move extends Sun Life’s presence to eight markets in Asia: China, the Philippines, Hong Kong, India, Indonesia, Malaysia, Singapore and Vietnam, and reinforces Sun Life’s leading position in the international High Net Worth life insurance market.
“This represents a significant milestone in Sun Life’s history,” said Léo Grépin, Sun Life Asia President. “For 128 years, we have been helping Clients in Asia to grow, secure and transfer their wealth. We look forward to bringing our trusted expertise, unmatched capacity and tailored solutions to help Singaporeans protect their prosperity for generations to come,” said Grépin.
Singapore is a global financial hub attractive to many High Net Worth individuals due to its sound and well-established regulatory environment, together with a business environment which encourages and cultivates entrepreneurialism. There is significant opportunity for Sun Life Singapore to help affluent, High Net Worth and Ultra High Net Worth Clients protect their wealth. Sun Life is a leader in international High Net Worth life insurance, having pioneered the universal life insurance product in the global High Net Worth market two decades ago.
Belinda Au, previously General Manager of Distribution and Marketing at Sun Life Hong Kong, has been appointed Chief Executive Officer of Sun Life Singapore. Au said, “As a leading international financial centre, Singapore is home to many High Net Worth individuals. I am very excited for this new opportunity and look forward to helping our Clients in Singapore to achieve their wealth goals and create a lasting legacy through their entire lifetime and beyond.” Au reports to Fabien Jeudy, President of Sun Life International HuBS: Sun Life’s businesses in Hong Kong, Bermuda and Singapore, which offer world-class products, underwriting, Client service and relationship management to HNW Clients.
Fabien Jeudy, President of Sun Life International HuBS, said, “It is my honour to lead Sun Life International HuBS. We can capitalize on our market-leading capabilities across this network to serve our Clients better and capture growth opportunities across the globe.”
Sun Life currently supports more than 23 million Clients in Asia, offering life, health and wealth management solutions through a multi-channel distribution approach. In the past four years, Sun Life’s business in Asia has grown to support 11.5 million new Clients and its underlying net income has grown at a CAGR of 15%.
Au continued, “The COVID-19 pandemic has changed the way we all live and work. Clients are learning to live with the virus and look for solutions that can help them grow their wealth in the new normal. This is where we step in — we are well-positioned to assist our Clients in securing their wealth with our strong HNW capabilities.”
Facts about Sun Life in Asia:
- 2019 full year underlying earnings of C$550 million, up 5% on 2018
- Wealth and asset management businesses in Asia have C$52 billion in assets under management
- Business Commenced: 1892
- Number of Clients: 23 million+
- Number of advisors: 123,000+
- Employees across Asia: 21,000+
Sun Life Assurance Company of Canada Singapore Branch is a branch of Sun Life Assurance Company of Canada. Sun Life Assurance Company of Canada is Sun Life Financial Inc.’s principal operating life insurance subsidiary.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to individual and corporate Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2020, Sun Life had total assets under management of C$1,023 billion. For more information, please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF.
Note to editors: All figures in Canadian dollars
HANOI, VIETNAM – Media OutReach – Aug 07, 2020 – The potential of Blockchain technology reaches across multiple industries. This 4.0 digital mechanism could be the answer for many stubborn social problems, especially when the world is facing a once-in-a-century health crisis — Covid-19 and is demanding urgent resolutions. This strange, yet promising, Blockchain corporation – Lina Network believes, it’s about time for them to take the next significant step on the development journey right in the middle of chaos and crisis. Perhaps, changes are necessary to adapt to the ‘new normal’ which is slowly seizing the world system. The firm officially transformed their brand identity “to become an organization with a global network that provides solutions to real-world problems in societies using technology applications.” The new look is clean, neat and delivers the essence of contemporary technology in the digital age just right.
The face of digital transformation
Lina Network new logo design includes 3 dots, those are connected tightly and presented for 3 elements: Human, Technology, Solution. Via this logo, Lina Network emphasizes the important role of technology in connecting humans (individuals, organizations, partners) to provide the prime solutions for existing obstacles in the economy and society. The new identity illustrates the mission Lina Network is attempting to achieve.
Founded in Switzerland, based in Vietnam, the Blockchain corporation- Lina Network established a new brand identity in the middle of the Covid pandemic and global chaos.
Go further than just agriculture
It was the starting point of Lina Network, founded from the desire to apply 4.0 technology in addressing the supply chain shortcomings in Vietnam’s agriculture. During the first two years of operation, they have constantly educated farmers and firms across the country on new definitions in agrotechnology and prepared them with digital applications for the agribusiness.
Young but experienced, this Swiss-funded ICO corporation decided to sail beyond the horizon, for agriculture is the point of departure and not the limit. The spokesperson strongly affirmed: “The mission that Lina Network yearns to perform will not stop at agriculture. Our projects are executed in many fields, from reviews, healthcare, e-commerce, e-government to digital assets. Since our business orientation and inner values have changed, the brand identity, thereby, transformed correspondingly in order to strengthen the brand image and to ensure consistency in conveying our values message. Lina Network’s ultimate goal is to become a leading technology corporation in Viet Nam. The birth of our new identity is a succinct affirmation of the mission we wish to fulfill: ‘To become an organization with a global network that provides solutions to real-world problems in societies using technology applications.'”
The first corporationto ever launch Blockchain-based products and services in 5 different fields
Digital transformation is an inevitable trend of the 4.0 era. The corporation culture is imbued with the breath of modern technology, from the business orientation depicted through the brand identity and content, to the deployment of science and automation in product development to solve economic and social problems. Lina Network is currently offering 5 Blockchain-based products and services across 5 different industries:
● Lina Review— a transparent review platform
● Lina FarmTrust— an agriculture traceability platform
● Lina MediTrust— an electronic health record system
● Lina eGovernment— a digital identity developer for governments
- Represented by MSteam Entertainment, which is a wholly-owned subsidiary of the associated company of Spackman Entertainment Group, Spackman Media Group, Korean top actress Son Ye-jin to be the face of Smart Signature, the post-paid brand of Philippines ‘ Smart Communications
- After its massive record-breaking viewership success in Korea, CRASH LANDING ON YOU, headlined by Son Ye-jin, achieved #1 on Japan’s Netflix for four months and was consistently one of the top 10 Trending Netflix Shows in the Philippines and one of the top 10 Most Watched Netflix Shows in the United States
SINGAPORE – Media OutReach – 7 August 2020 – Spackman Entertainment Group Limited (“Spackman Entertainment Group” or the “Company” and together with its subsidiaries, the “Group“), one of Korea’s leading entertainment production groups, wishes to announce that preeminent Korean actress Son Ye-jin of MSteam Entertainment Co., Ltd. (“MSteam Entertainment“), a wholly-owned subsidiary of the Group’s associated company, Spackman Media Group Limited (“Spackman Media Group“), signed an agreement to endorse Smart Communications Inc. (“Smart Communications“), a leading telecommunication service provider in the Philippines. Son Ye-jin is to be the face of Smart Signature, the post-paid brand of Smart Communications.
Son Ye-jin’s latest tvN K-drama, CRASH LANDING ON YOU, achieved massive record-breaking viewership success in Korea and became a top hit in Japan, attaining #1 on Japan’s Netflix for four months. The K-drama was consistently one of the top 10 trending Netflix shows in the Philippines and one of the top 10 Most Watched Netflix Shows in the United States.
Son Ye-jin’s recent films include BE WITH YOU (2018), THE NEGOTIATION (2018) and THE LAST PRINCESS (2016), all of which were invested by the Group and/or Spackman Media Group.
During May this year, Son Ye-jin was voted as the #1 Korean female celebrity by netizens on the community portal DCInside based on a poll. In 2018, Son Ye-jin’s performance in BE WITH YOU, which broke the all-time first week box office historical record for romance film in Korea, clinched her the Best Actress Award at the Seoul Awards. Son Ye-jin also received the Prime Minister’s Commendations at the 2018 Korean Popular Culture & Arts Awards and won the Best Actress for Hallyu Dramas at the 2018 Seoul International Drama Awards, underscoring her international status as an iconic Korean actress.
In 2016, Son Ye-jin won the Best Actress Award in the 2017 Baeksang Arts Awards based on her performance in THE LAST PRINCESS.
About Spackman Entertainment Group Limited
Spackman Entertainment Group Limited (“SEGL” or the “Company“), and together with its subsidiaries, (the “Group“), founded in 2011 by Charles Spackman, is one of Korea’s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world’s fourth largest box office market in 2019, behind only North America, China and Japan.
The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.
SEGL’s wholly-owned Zip Cinema Co., Ltd. (“Zip Cinema“) is one of the most recognised film production labels in Korea and has originated and produced some of Korea’s most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema’s motion pictures include some of Korea’s highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com
SEGL also owns Novus Mediacorp Co., Ltd. (“Novus Mediacorp“), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand (“VOD“) sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com
The Company owns a 100% equity interest in Simplex Films Limited (“Simplex Films“) which is an early stage film production firm. Simplex Films has the following films in the pipeline namely, A BOLT FROM THE BLUE, IRREVOCABLE PROMISE and OUR SUPERSTAR K.
The Company owns a 100% equity interest Take Pictures Pte. Ltd. (“Take Pictures“) which has a line-up of several films including STONE SKIPPING, GUARDIAN (working title) and the co-production with Zip Cinema for THE PRIESTS 2.
The Company owns a 100% equity interest in Greenlight Content Limited which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content.
The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST’S WAIL, a comedy horror film.
Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.
The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited (“SMGL“). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Bae Doo-na, Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.
The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. (“Constellation Agency“). Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.
The Company owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea’s most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).
Previously, Frame Pictures was also involved in GIRL COPS (2018), MALMOI (2018), SUITS (2018), MISTRESS (2018), LIFE (2018), LIVE (2018), MONEY FLOWER (2017), SWEET REVENGE (2017), BAD GUYS 2 (2017), THE LEGEND OF THE BLUE SEA (2016) and VETERAN (2015).
We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.
For more details, do visit http://www.spackmanentertainmentgroup.com/
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