HONG KONG Oct 4 Canada's Sun Life Financial Inc
plans to expand into Singapore and Thailand as it looks
to boost its presence in Asia where demand for insurance
products is growing fast, said a senior executive.
The company, which has embarked on a flurry of takeovers in
Asia in the past three years, will consider acquisitions as well
as building its own presence in the two markets, Kevin Strain,
president of Sun Life Financial Asia told Reuters.
Sun Life, which hopes to benefit from Asia's burgeoning
middle class in markets such as China and India as they look to
save and invest, has not yet set any timeline for the proposed
expansion, he said.
Sun Life currently operates in seven Asian markets including
China, Hong Kong, India, the Philippines and Malaysia. A move
into Singapore and Thailand would significantly bolster its
presence in Southeast Asia.
(Reporting by Sumeet Chatterjee; Editing by Richard Pullin)