How will the political crisis in Hong Kong impact Sun Life’s business?
In a conference call following the disclosure of the insurer’s Q2 results, CEO Dean Connor told an analyst that it was too soon to say. He did mention that the implementation of the Hong Kong National Security Law has not affected the insurer’s business operations to date.
“It’s an important development that we’ve been studying and comparing notes with other financial institutions in the region. I think it’s too soon to say [what the impact will be],” he explains.
He adds that despite the current context in Hong Kong, it’s “business as usual.” “Businesses, the access to capital, the access to courts, the access to talent, all of those things that cause us to want to, for the last 125 years want to be in Hong Kong, all of those continue,” he explains.
Connor added that he is closely watching the situation. “We’ve got a great team in Hong Kong, both in our local business and in the regional office. And we think that will continue for some time.”
