WELLESLEY, Mass.— (BUSINESS WIRE) Sun Life Financial Inc. has named Stephen L. Deschenes Senior Vice President and General Manager of its U.S. Annuities Division.

 

“Steve is a proven leader with a successful 23-year track record in setting strategic direction and driving results in highly competitive markets,” said Wes Thompson, President, Sun Life Financial U.S. “The challenging economic environment is increasing consumer awareness of the need for retirement income solutions, and Sun Life is in a unique position to meet Boomers’ evolving needs as they redefine retirement.”

 

Before joining Sun Life, Deschenes served as MassMutual Financial Group’s Senior Vice President and Chief Marketing Officer. Prior to joining MassMutual, Deschenes served as Executive Vice President for Fidelity Investments. Deschenes graduated Magna Cum Laude from Harvard University and holds NASD Series 7 and 24 licenses.

 

“I am excited to join Sun Life and guide its annuities division during this unique and challenging time in the industry’s history,” said Deschenes. “Sun Life is a financially strong company that has developed innovative living benefits and is poised for solid growth in the annuities market. It is in a unique position to expand its market share and become a leader in retirement services as advisors begin helping their clients rebuild their finances to meet their long-term goals.”