The Globe and Mail reports in its Wednesday edition that Sun Life Asia president Ingrid Johnson has stepped down to take a newly created position as Sun Life Financial's vice-chair of strategic partnerships. The Globe's Clare O'Hara writes that chief executive officer Kevin Strain announced Ms. Johnson's move during an earnings call Wednesday, saying he will be conducting an executive search among both internal and external candidates for the new president of the Asia division and expects to announce a replacement within a month or so. Ms. Johnson joined Sun Life at the end of 2021, just as Hong Kong declared a citywide lockdown as the number of COVID-19 cases began to spike. In addition to Hong Kong, Sun Life operates in mainland China, India, Vietnam, Indonesia, Malaysia, the Philippines and Singapore. Together, the Asian operations account for more than 16.5 per cent of the company's profits, up from just 6 per cent in 2011. Mr. Strain said he will oversee the Asian operations on an interim basis, along with chief financial officer Manjit Singh and chief client and innovation officer Chris Wei, who is located in Singapore. Sun Life, Canada's second-largest insurer, slightly missed third quarter expectations Tuesday.