Capital Group has appointed Rick Headrick as president of its business in Canada.

With more than 20 years of industry experience, he was most recently the president of Sun Life Global Investments Canada Inc. In that role, he was responsible for growing the distribution of investment funds through financial advisors and institutional retirement plans across the country. Headrick was also vice-president of Sun Life’s International Investment Centre, where he established and led the organization’s global wealth platform.

Read: Sun Life shakes up leadership team to streamline client experience

“I have known and respected Capital Group for decades and the opportunity of leading their Canadian business is a tremendous responsibility,” said Headrick, in a press release. “Throughout my career, I have had opportunities to grow businesses within the Canadian market and to do that with Capital Group and maintain its special culture will be an honour.”

To ensure a smooth transition, Headrick will work closely with Mark Tiffin, the current president and general manager, who is retiring at the end of the year.

“Canada is a vital market to Capital Group and Rick’s leadership and deep experience in the financial services industry will be a good fit,” said David Hummelberg, executive vice-president and principal operating officer of Capital Group’s North American distribution business. “We’re confident Rick will continue our growth — and help our clients invest successfully for the long term.”

Read: Are institutional investors about to dive back into emerging markets?

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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