Summary: Sun Life Financial announces McLean Budden will become a subsidiary of
MFS Investment Management
Earlier today, Sun Life Financial announced that McLean Budden will become a subsidiary of
MFS Investment Management (MFS). This transaction is expected to close in November 2011.
McLean Budden is joining an award-winning global asset management firm. MFS will bring the
benefits of a collaborative global investment research platform, employing rigorous fundamental
bottom-up research with risk management control measures and strong performance for clients.
McLean Budden is one of Canada's most respected asset managers, and is considered a major
force in the Defined Benefit and Defined Contribution Pension Plan market, ranking fifth overall
among Canadian-based active managers (2010 and 2011 Benefits Canada survey based on
pension assets gained).
Upon closing of the transaction, Martin E. Beaulieu, currently vice chairman and head of global
distribution at MFS, will become chairman and chief executive officer of the new subsidiary and
he will be based in Toronto. Roger J. Beauchemin, currently president and CEO of McLean
Budden, will continue in his roles until closing and work with Beaulieu on the integration.
With the addition of McLean Budden, MFS will immediately become a leader in pensions and
institutional money management in Canada. Canada is among the top five largest pension
markets in the world (according to the Towers Watson Global Pension Assets Study, February
2011). Together the two firms have a total of C$251 billion AUM at August 31, 2011.
What does this mean for you and your plan members?