Sun Life Financial Inc. has named Sujoy Ghosh (pictured) as chief executive officer for its high-net-worth (HNW) business, effective Nov. 4.
Ghosh will be responsible for overseeing Sun Life’s HNW operations across Hong Kong, Singapore, and Bermuda.
The company said Ghosh will lead Sun Life's HNW strategy to further develop its global partnerships and capabilities.
Ghosh brings with him 27 years of experience in insurance and banking, having held senior roles in Asia, the Middle East, and Europe.
Prior to joining Sun Life, he was head of global insurance and Asia head of business development at Citi Wealth, where he managed global insurance operations and business development for the Asian market. He has also served as regional head of bancassurance for Allianz in Asia-Pacific, where he led commercial and strategic partnerships for both life and general insurance.
Manjit Singh, president of Sun Life Asia, said Ghosh offers significant industry experience and a strong track record in leadership.
“Over the past 30 years, Sun Life has built a leading position as a trusted partner to clients seeking world-class solutions to protect and grow their wealth. Sujoy’s appointment reflects our commitment to accelerating growth by combining our global scale, expertise, and trusted brand, with a sharp focus on the evolving needs of high net worth clients,” he said.
Ghosh, who will be headquartered in Singapore and report to Manjit Singh, said it is a privilege to take on the leadership of Sun Life’s high-net-worth business and contribute to its longstanding reputation.
“In today’s dynamic financial landscape, our commitment to providing tailored, innovative, holistic wealth solutions to our high-net-worth clients is more critical than ever. I look forward to working with the talented team at Sun Life to strengthen our client relationships, drive sustainable growth, and set new standards of service and performance in the industry,” he said.
In the past year, Sun Life has introduced the “HNW Value-Added Service Ecosystem,” a program designed to deliver a broad range of services for high-net-worth clients in Asia. The initiative focuses on three core areas: health, enhancement, and value creation.
A key component of the ecosystem is Sun Life’s partnership with HealthMutual Group, which has resulted in the creation of a premium medical network.
Through the eSunPro healthcare platform, clients can access medical services at institutions such as CUHK Medical Centre, Gleneagles Hospital Hong Kong, and a selection of private and Class 3A public hospitals in Mainland China.
This initiative aligns with recent policy measures from the Hong Kong SAR government, including the “New Capital Investment Entrant Scheme,” which aims to support the development of family offices and enhance the region’s financial services sector.
In May 2025, Sun Life Hong Kong introduced an indexed universal life insurance (IUL) product, which the company states is the first of its kind in the local market and is available exclusively to professional investors.
The launch reflects a response to regulatory changes and growing interest among high-net-worth individuals in advanced wealth planning solutions.
Indexed universal life insurance products allow policyholders to participate in market index performance while maintaining life insurance protection. This structure is designed to appeal to clients seeking asset diversification, long-term capital growth, and estate planning options.
The introduction of this product comes as Asia’s high-net-worth population continues to expand. According to the Wealth Report 2025 by Knight Frank, Asia now ranks second globally for HNWI population growth, with Hong Kong alone home to more than 42,000 individuals with assets of US$10 million or more.
