Mr. Steve Peacher reports

SLC MANAGEMENT APPOINTS CHIEF OPERATING OFFICER

Sun Life Financial Inc.'s SLC Management has appointed Candace Shaw, senior managing director and deputy chief investment officer, SLC Management, to chief operating officer, SLC Fixed Income, effective immediately.

"As SLC Fixed Income continues to evolve, improving our foundational processes is imperative to the future growth of our business," said Steve Peacher, president, SLC Management. "This appointment allows us to capitalize on Candy's deep knowledge and experience within the firm, and under her leadership, we will continue to enhance our fixed income operating model to better serve the needs of our growing client base."

Ms. Shaw brings over three decades of experience within SLC Management and the firm's parent company, Sun Life, in leadership roles within private and public fixed income, portfolio management and credit risk management.

Prior to her appointment in 2020 to deputy CIO, Ms. Shaw was portfolio manager and head of private fixed income at SLC Management. In that role, Ms. Shaw led an extensive team of professionals who manage one of the largest private fixed income portfolios in North America. Ms. Shaw's portfolio of work also includes chief credit risk officer, where she played a critical role in the risk management of all credit assets, including private fixed income investments.

In addition to Ms. Shaw's professional accolades, she has also been instrumental in helping foster and embed a culture of diversity and inclusion within SLC Management and more broadly across the asset management industry. Ms. Shaw currently chairs SLC Management's Allies Acting for Change (AAFC), an internal grassroots group that helps drive important DE&I (diversity, equity and inclusion) initiatives firm-wide, as well as serves as executive sponsor for InvestHer, an employee-led network whose objective is to help advance women's career development within the asset management industry.

Ms. Shaw holds a BA in mathematics and an honours BSc in chemistry from Queen's University. She obtained her MBA in finance from Queen's University in 1987. Ms. Shaw received her chartered financial analyst designation in 1991 and is a member of the Association of Investment Management and Research and the Toronto Society of Financial Analysts.

Ms. Shaw will continue as deputy CIO in addition to her new mandate as COO.