Organizational Changes at MFS

January 5, 2015

Plan sponsors may wish to consider whether this investment news has any implications for the investment options available within their plans.

MFS has announced that Michael Roberge, President and Chief Investment Officer at MFS, has been promoted to Co-Chief Executive Officer, effective January 1, 2015. Mr. Roberge will share management responsibilities with Robert Manning, Chairman and Chief Executive Officer, MFS, since 2004; while continuing to serve as Chief Investment Officer for MFS.

MFS has appointed Co-Chief Executive Officers in order to build out their leadership team and allow Mr. Manning to focus on the firm's overall strategic direction.

Mr. Manning will continue to be involved in the day-to-day management of the company. As Co-CEO, Mr. Roberge will report to Mr. Manning, who will continue reporting to the Sun Life Board of Directors.

In order to allow Mr. Roberge to focus on his new leadership role, MFS will transition some of his investment oversight responsibilities to two new group CIOs:

  • Kevin Beatty, Director of Equity, North America, will be promoted to Chief Investment Officer, Global Equity, and
  • William Adams, Director of Fixed Income, MFS, will be promoted to Chief Investment Officer, Global Fixed Income.

Both Mr. Beatty and Mr. Adams will report to Mr. Roberge, and will continue to serve on the portfolio management teams of a number of equity and fixed income portfolios.

Please contact your Sun Life Group Retirement Services representative.