Sun Life may be known for insurance—but under CEO Kevin Strain,
it's become a $1.5 trillion force in global asset management. In
this episode of In the Money with Amber Kanwar, we sit down with
Strain to uncover how this 160-year-old Canadian company has
transformed into the country’s largest asset manager, now
rivaling industry titans like Brookfield.
Strain explains why Sun Life is going all-in on alternative
assets like real estate, infrastructure, and private credit, and
what that means for institutional and retail investors alike. He
addresses the outflows at the company’s asset management arm and
pushes back on the “problem child” label, revealing how that
division continues to quietly generate close to a billion dollars
a year in income. He also breaks down why Asia has become Sun
Life’s biggest growth engine, and how its long-standing presence
there gives it an edge.
The conversation covers Kevin’s outlook on the Canadian economy
and why he believes short-term pain could lead to long-term
strength. He also addresses concerns about the company’s U.S.
health insurance business and shares how Sun Life is
experimenting with AI across the firm.
Don’t miss this wide-ranging, honest conversation with one of
Canada’s most influential CEOs.
Timestamps
00:00 Show Intro
02:10 Strain’s path to become the CEO of Sun Life
04:10 Sun Life’s history and reach
06:50 A lot of people don’t know Sun Life is an asset manager
that’s bigger than Brookfield
10:35 Break
11:10 Understanding Sun Life’s asset management business
16:30 Sun Life’s massive Asia business
19:50 Break
20:20 What about tariffs?
25:15 Are the conditions right for Canadian companies to
invest?
27:20 Strain on investing in alternatives like real estate
29:25 Sun Life’s real estate exposure
36:30 The U.S. health insurance business
42:00 What is Kevin worried about?
46:30 How is Sun Life using artificial intelligence?
50:00 What about acquisitions?
53:15 What was Kevin’s biggest mistake?
55:30 What does Kevin want to leave behind as his legacy?
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DISCLAIMERS
The information provided in this podcast is for informational
purposes only and does not constitute financial, investment, or
professional advice.The views expressed by the host and guests
are their own and do not necessarily reflect the opinions of any
organization or company. The host and guests may maintain
positions in any securities discussed on the podcast. Always
consult with a qualified financial advisor or professional before
making any investment decisions.
In the Money delivers expert stock picks, actionable ideas, and
timely money management tips. Hosted by business journalist Amber
Kanwar, each episode features interviews with top portfolio
managers who suggest ways to achieve good returns. Covering
everything from ETFs and Canadian stocks to global investing
trends, dividend strategies, and risk management, this show is
made for DIY investors, stock market enthusiasts, and anyone
looking to sharpen their financial strategy.
Contact: questions@inthemoneypod.com
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